@Darryl Davis I did some initial research about a year ago on this topic.

My initial criteria is to look for newer built houses to minimize maintenance and upfront cap expenditure on major items like HVAC, Roof, Foundation etc..

Looking to purchase my first home and was initially going to go the traditional fixed rate mortgage without buying down points with the assumption rates will go down in the next year or 2 and I will just refinance.

I initial brought it up as an example of the type of current information I use to assess current market values which I would gladly provide feedback on properties.

Per Diem must be provided for every 24 hour period to include the initial period if it is expected to be longer than 48 hours.

I asked Engelo about this after an initial period of muted returns:Engelo: "You need to buy more properties to see higher annualized cap rates."

Single-Family Home with a Basement:Pros:Familiar single-family living with potential rental income.Can be a good starter home, quieter living if the basement is well-soundproofed.Potentially lower initial investment compared to a duplex (depending on renovations).Cons:Finding tenants might take longer, especially if the basement isn't a fully formed apartment.You'll be responsible for all maintenance and repairs for both units.Less separation between your living space and the rental unit.Multifamily Duplex:Pros:Clear separation between your living space and the rental unit.Potentially higher rental income with a full, separate unit.Faster tenant search as it's a more traditional rental format.Cons:Might be slightly more expensive upfront than a single-family home with a converted basement.Potential for noise complaints if the duplex isn't well-built.Dealing with potentially two sets of tenants (though vacancy rates are typically lower with duplexes).So, which one to buy first?

Typically that means a six to eight week period before your new property can go through the initial inspection to see if it even qualifies for the program.  

This way you do not have to refinance as soon to recoup your initial capital.I mention a 60/40 split because rates usually do not get any better if you put 50% down versus 40% so it might make sense to save a little.

My initial scope of work was $70k.