We are in the top 10 fastest growing big cities right now, so families and singles are constantly flying in to check out the area.Raleigh allows short term rentals if you apply for a license.

Check out this recent thread on LLC’s, it’s pretty eye-opening that of all the very experienced investors on here, with centuries of investing experience combined, the consensus was that LLC’s are not needed for most investors:  https://www.biggerpockets.com/forums/926/ Of course gurus will tell you that you need one before you even have a single property, because it makes them sound smart.

I have one single family near a hospital and am in the market for my first multi family.  

If its single family I wouldnt bother with a manager but 2 or 3+ tenants in same building I would consider it depending on how hands off you want to be on the tenant issues and how handy you are

If you are single or married with a small child, buying a duplex or 4plex should work well.  

Thanks Jaycee,I think to start I am probably looking at a single family just to get my feet wet.

I don't think you are going to be able to get insurance for two separate living units in a single-family when they are both illegal and likely do not have the correct egress windows (basement) for fire safety which could subject you to huge liability if something happens to either party.

No way to finance single room condo 4.

My goal is to start with a house hack on either a single-family property with an ADU, a duplex, or a quad.

@Noy Rivlin Most single family homes that make sense as rental properties are about $125k-$225k.