Then in a year I would move back to Nevada or to another multi unit home in Utah.I do not have a significant income but his income would easily cover both mortgages.

As an agent, I have been seeing insane numbers being offered on properties where there is no way the rents can possibly make sense.I'm curious how people are spending so much on multi-family properties, especially in the current rate environment.

In some instances the multi family property will be more lucrative while in others maybe it is the single family property. 

." - So you don't own the land... you have a mortgage on single family and want to convert and build a multi-family?

I have found some land that is zoned for multi family and I recently heard about the VA 0 down Construction Loan.

@Cory M.Depends what kind of banking you need, but after searching high and low state department federal credit union (with an American citizens abroad membership first, like 100 bucks) and capital one have worked best for me to avoid the nightmare you mention of trying to deal with US banks from outside the US.

You are interested in real estate investing and are looking for resources to develop your knowledge.I work with a lot of doctors and busy, high income earners to help them build real estate portfolios to slow down at work and offset some of their W-2 or business income.Some books to consider are Multi-Family Millions by David Lindahl, Investing in Real Estate with No and Low Money Down by Brandon Turner, and Equity Happens by Robert Helms & Russell Gray.Some You tube channels to follow include Get Rich Education, Ken McElroy, Jason Hartman, and the Real Estate Guys Radio Show.Yes, until you are making attending physician money, I would house hack the house you live in by renting rooms or buying a duplex as a primary residence with low money down.To Your Success!

Hi,I want to get started in real estate investing and so far I am mostly interested in long term rental properties and Multi-family properties.

So far this year from MLS data, in Dane County, the median 3 bed, 2 bath home sold for $440k and $429,950, so with our high taxes (around 2% of the purchase price), you may decide to focus on multi-family property for help with income/cash flow. 

Just running into this now... delighted to see it's been a multi-year issue.