I have even contemplated of selling my current home and using the appreciation to buy another home for cash but we love our McMansion.

I am contemplating calling a few places  (such as a gym and maybe a restaurant or two ) by my property for special membership offers/discount offers, and leaving them in a clear bag on the counter for my new renter.   

Initially, I wanted to start my real estate investing journey by purchasing a multi-family property and building up; after beginning to read 'Building Wealth One House at a Time,' I'm contemplating if it's better to start my investing journey by purchasing a SFH and scaling my portfolio from there.

This is a great topic, and I currently am contemplating the same dilemma.

Hey Deepali, I've been contemplating purchasing properties in different states, but I haven't taken the plunge yet.

I was contemplating VR's versus traditional SFH/MFH rentals.

I am contemplating doing this as well?

Contemplating on adding LVP to a new STR I will be closing next month.

Regardless of the type of facility you are contemplating, there are two distinct pieces to the undertaking which you've described. 1) real estate development and 2) business operations.If you intend to develop a piece of dirt from scratch, get ready for a long and turbulent ride.

We also were contemplating maybe buying an investment property out of state instead where the prices are drastically lower and we could pay off most of the home up front since we have about $100,000 saved up so far.