Investment Info:Single-family residence fix & flip investment. 176 Wildwood Road is a single-family home located in Sag Harbor, NY 11963.

Real estate investing has been a passion of mine for time with my mother also having invested early on where I likely have gotten the love and desire to follow similar foot steps.I have taken last 6 months to educate myself and currently own a single family home as primary residence and would like to expand to multi family properties (2-4 units) for additional stream of income, not to mention potential tax benefits for long-term investing.Based on current living situation, I have a fair amount of equity established in my primary residency along with having enough cash to either pay off house completely or use towards investing in a multi family property.Given that I'm the sole source of income for our household with my wife being the home maker for our two kids under 2, trying to weigh out risks with getting started now or perhaps waiting. 

Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.

Purchase price: $50,000 Cash invested: $50,000 Single family brrrr

Can anyone give me some advice pros/cons on having a single family unit with a pool as a rental unit.

If you look at the one mile income radius and you see median household income at 45k, then take 30% of that or $13,500. 

We have a single HVAC system that heats/cools the entire home.

Owner occupied united increased by 8.4%"Still, although the overall share of households that rented decreased, the number of rented units increased by over a million units (43.3 million to 44.6 million)."

You could also buy a single family property that you can either fix and flip or house hack.

I am a newbie investor looking to purchase my first rental property, and I have been caught between going for a single-family or a multifamily rental.