At that time, I was balancing a new family and trying to make ends meet.

When you say multi-family, are you thinking of buying a 2-4 unit?

The focus should be on eliminating vacancy and avoiding chasing unreasonable rental rates, especially in the slower winter months.Here’s a chart showing the median sales price of a single-family home in the City of Austin this year through November:The median sales price for a single-family home in November 2024 was up roughly 8% from the beginning of the year.

Multi-family and retail.

These tend to offer personalized service without getting lost in the shuffle.Verify Their Specialization: Some companies are better with single-family homes, while others excel with multi-family units.

Obviously, they will pay less for these loans because of the resources they spend upfront.Most of the larger private lending firms will participate in correspondent loans.

I know if I do not rent to students, we will not get even close to the type of rent we are looking for, but paying the mortgage with no rent is hard on my family and I. 

Ask family/friends to help boost the listing (likes, saves, photo scrolls) or even book it at a friend/family rate! 

Yes we were successful winning bidding wars 3 months ago using the family postcard technique;) Basically, we added a cute picture of our family along with our offers (which were based on conventional financing) and our “humanity” made us win over the cash offers.

Quote from @Monica Gonzalez: I'm looking to start with Multi-Family (duplex/triplex).