Property TypeUnderstand the different types of multifamily properties:High-Rise: 9+ floors with an elevator, often urban.Mid-Rise: Smaller than high-rise, usually with elevators.Garden-Style: Low-rise apartments in suburban or rural settings.Walk-Up: 4–6 stories without elevators.Manufactured Housing Communities: Mobile home parks where land is leased to homeowners.Special-Purpose Housing:Student Housing: Designed for college students.Senior Housing: Dedicated to older adults.Subsidized Housing: Affordable housing supported by rent and income restrictions.3.

Hi BP Family "I’m working on a 15-unit multi-family deal with strong rental & value-add potential.

Start by researching affordable states with strong rental markets and landlord-friendly laws.

@Preet Oberoi,I would strongly recommend that you look to partner with someone who has experience in this. 

Question 1: I’m aware of Reno 203k loan and Fannie Mae home style construction loan.

In suburban Chicago, historical significance or celebrity ties might create a niche appeal, but they won’t necessarily drive up the home’s market value in the same way as location, condition, and local comps.For a short-term rental, though, it could be a great marketing angle—especially if the person is well-known and has a strong local connection.

@Jared Goldwasseri would strongly recommend you go to Cincinnati in person. 

I find it a great way to earn additional compensation as long as its a deal I like with conservative leverage and strong operators I trust. 

Since it sounds like you have strong W2 income and would probably be okay paying the mortgage sometimes, I'd even explore a 5-10% down payment option.

If you have a strong management company here in AZ, that is key.