Good luck investing. 

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.

Seems to me my options are...SELL - If I were to put it on the market I think I could reasonably get $2.8M - $3M, but at a 2.9M sale price my return on my initial investment is only 38%, or 7.6% a year over the 5 years.

Quote from @Khyree Randall: I'm about to start working again soon and I'm ready to start investing in getting my first deal.

Definitely some cause for long term concern, but this also can give opportunity to other investors that are willing to invest out of state or more people moving to other states like AZ and TX with long term appreciation in these markets.How is the appreciation in Phoenix?

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

Quote from @Steve NA: Hello All,I am new to investing in general (outside of a condo I have rented over the years).

In real estate investing, financing is as important as finding the right property.

Quote from @Terrence Adams: Hi everyone, I’m Terrence, new to rental property investing and excited to learn from this group.

I don't know a single broker who would allow an agent to wholesale while hanging their license at their firm.