However, if you minimize your vacancy exposure, you may find (just like I have witnessed for years) that it is a much easier and more beneficial strategy.

Much easier than old homes.Get high returns in stocks. 

It's easier to scale with multifamily properties due to income potential and operations.

The only place this would appear to make sense is in Class D neighborhoods which could cash flow.You have rights to income but nothing else - sounds like an unsecured note at the end of the day.Chris you make good points.  

Additionally, an LLC can make it easier to separate personal and business finances, simplifying tax filings.Quick Tip: Work with a tax advisor to determine whether an LLC is the right structure for your investments.4.

I own a 30-unit community and found it much easier and more cost effective than the 1-4 family and flips that I was doing before that acquisition. 

In-town properties are significantly easier to permit but also have some density restrictions.

It'll be easier to start with a turn-key property, but if you have a good contracting team, a value add will typically offer better returns. 

@Daniel Hartz...it would have been easier for suggestions if you have posted the address so some of us could see if there's more equity than what is being stated.  

It does not appear that many newbies (or experienced) investors are buying much (transaction levels are at record lows).