Unfortunately, my HOA ($100 a year style) says no new rentals until it reaches under a certain % of the homes. 

The most common portfolio style loan in Texas is a 20 year adjustable rate loan.

In his case 26 doors was the magic number.Look at your expenses now and your expenses when you leave the W2 job and see if you will have enough to maintain your life style as well as allow for life style improvement (we tend to spend more when we make more)Congrats on your rentals, it's awesome you reinvested into passive income.

The most common portfolio style loan in Texas is a 20 year adjustable rate loan.

Don't allow cats.No matter how much you spend to 'smell proof' your unit there will always have some kind of stink either from their cooking style or their pets when they move out.

Something could happen to intensify that like geopolitical stuff, environmental bans, and the fact that it is now able to be exported by ship from the us hinging its price to a worldwide demand not just within the continent. 

The most common portfolio style loan in Texas is a 20 year adjustable rate loan.

I personally tried turnkey and it’s not for me or my style of investing.

They are ok with allowing a 60-day DD period to evaluate the real estate itself (given that environmental inspections and whatnot will likely take that long).  

By multi-family, I'm referring more to duplexes, triplexes and fourplexes, as opposed to larger apartment-style properties.My understanding is that 8-12% cash on cash is considered standard or good, but is this more for SF or MF, or does it include both?