The demand is high, with people from New York City investing in homes ranging from $350,000 to $750,000 for more luxurious properties.

You mentioned using an FHA loan, but that poses some real challenges in the city for a three-unit building because it's very difficult to find properties that can pass the FHA self-sufficiency test.

I actually have been looking at smaller towns in that 3-4 hour range from me.

In your example if value is not sufficient, they will hold you each accountable and if your four partners disappear, the bank can still hold you personally responsible for the entire deficit.

@Gino BarbaroI love your approach as I have a similar approach.Go big or go home isn’t always the right approach.As you note, in a market where one has a strong existing footprint, it’s easy to pick up additional smaller assets.That’s what we do in Greenville SC.It’s our only market and we own buildings that range in size from a triplex to 181 units - doesn’t matter to us.

Both options seemed to have listings in similar price ranges (250-400k range).Maybe there isn't a right or wrong here.

The gurus” selling mentorship’s and “canned” programs to a inexperienced investor oversimplify the strategy; ignore the difficulty; incorrectly claim that the education they provide is sufficient for success; lie about their own qualifications and experience and success; belittle “real” business/financial/real estate education and provide a totally unrealistic picture of lifestyle, effort, and chance of succeeding.  

Price range is around $325,000.

REIPro also offers educational resources and training for investors.RealData: RealData offers a range of real estate investment analysis software for commercial and residential properties.

HELOC is my first thought too but I am looking to combine them all into one mortgage and take a HELOC out on all 4 of my houses because they are just typical oklahoma town houses that only run in the range of probably 50k.