You may choose to keep a really good property you fixed where the equity grew by 30% to 40% in year 1. 

Hey Renee,It depends on your short term and long term goals.

When house-hacking, I would choose the market that you're already living in.

A better approach might be to find a REI Association in the area(s) and ask other investors for their recommendations - it's not uncommon to choose a different appraiser depending on the type of property (residential vs commercial MFH vs. office or industrial) and the objective of the appraisal.

You could room hack a single-family in a similar way, but what is your goal?

Putting more down or not getting as large of a home may make more sense (depending on your goals of course). 

Once you come up with a entry price point,Overall strategy and goals, then it’s just about finding the best available property on the market.

Best of luck in your journey and  please connect if you want to talk about investing goals.  

@Austin TessTo buy your first multifamily property, follow these steps: get pre-approved for financing with an FHA Loan, identify a high rental demand market, choose between house hacking or pure rental strategy, analyze the property using the 1% rule, build a team, negotiate the purchase, and manage the property professionally.

“I had to choose the rent, or still being able to work so I could pay rent,” she said.