It takes longer to realize, but the gain is worth so much more than a couple hundred dollars of cash flow a month.

I'm trying to learn and gain confidence for when I'm ready!

Depending on the situation, it could still be worth it for SFHs especially if you have capital gains or other income you need to offset this year.  

Hey @Dalton Foote - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

The short answer is that the longer you live in it the more gain will disappear. 

It also gets you into real estate sooner and lets you start gaining experience as a landlord.

The real life experience is the best option for learning and gaining the knowledge you need. 

But starting with single-family can be a great way to gain experience and confidence before tackling larger deals.If you were someone I knew personally, I would probably suggest multifamily, but it's not for everyone.

If you don't care about income and are more of a capital gain kind of guy, prices are already high (as you noticed) and there's plenty of land available to buy so I'm not sure how much is left in the tank.

I’m looking forward to gaining more knowledge and receiving the right mentorship.