The most important factor is your time horizon. 

There's a lot of ways to skin the cat, but you can get in the game without thinking I need massive discounts or need to put in massive work.As long as your investment time horizon is long term, as in 8 years plus ideally 12-15.

Good evening BP members,
I am a week away from my closing date on my first property! Broke free of the "analysis paralysis" syndrome!! I have a rookie question in terms of management. After ensuring I had done all m...

I can continue to keep replicating a stable model (with my SFHs) and proceed until I hit my "magic number", or I can break out into a new model and attempt this in MFH (which in my mind is more likely to provide me with greater chance of reaching my goals of greater cashflow and scalability in a shorter time horizon).  

Risk tolerance, access to capital, budget, cash flow vs appreciation potential, time-horizon for your goals. 

If you absolutely feel comfortable making the payments (and could make them even without a renter) then I think it makes sense over a long time horizon. 

This next year brings about many new struggles but also many new horizons.

There are encouraging signs of growth on the horizon.  

As mentioned before it would depend on your time and cash horizon.

So, contrary to what many people say, real estate does not always go up over time, unless you have an unlimited time horizon.