I can make down payments for both properties.What are your thoughts on niche (single vs. multi family) for a novice?

Especially as a novice.

This website has a lot offer both the novice and experienced investor.

Frankly, im still a novice residential REI investor, working on project #1 as we speak.

After you pay taxes on that money, Manning on $75,000 will most likely be to a novice investor.

As a current novice in this whole thing, I would be looking to find a specialized contractor that has experience and has converted ADUs before.

I have to think a lot of novice investors who think the money is easy, and that housing only goes up so buy no matter the price (think younger buyers who were <21 during the last bubble pop so have no memory of real estate going in any other direction) are going to be disappointed.

I agree Glen; Dave Ramsey provides good advice for the novice investor to get out of ordinary debt but didn't follow that path for his massive wealth building.I am curious if there is a calculator out there to determine where the "break even" is on a refi. 

You have to contend with a combination of novice investors buying at above market prices and the influx of investors to the city.

Still I have the impression a novice could get blinded by the prices and then get burned if the place is not getting Permit to occupy or anything like that.