Multifamily properties (2-4 units) can be a great way to build your portfolio while minimizing risk—especially with FHA or conventional low-down-payment options.Also, networking is huge.

I just learned that builders risk and liability insurance coverage can cease once a CO is issued for a new build.

I own two properties there, but insurance costs have skyrocketed.Lately, securing home insurance has become increasingly challenging due to the high risk of hurricanes, flooding, and other factors.

There is more messiness and risk.

I have been told that it could be better to save the FHA loan for a later property (Possibly a personal one), if you can put 20% down for a standard 30-year fixed loan.

Risks with this:   1)  unless you do it for all housing applicants who reach a certain stage in your screening process,  you are discriminating.    2)   what if an applicant is from out of state?   

I plan on starting out next year with a small plug and play solution to have minimum risk.

and i know that that there’s risk involved, so ill always be prepared for things not going according to plan. and i think starting small and gaining knowledge and experience over time is key. 

.✅ Lower Vacancy Risk – Losing one tenant doesn’t mean losing all your cash flow.✅ More Affordable for Renters – Competitive pricing attracts a steady stream of demand.✅ Built-In Community = Lower Turnover – Tenants stay longer when they feel connected.✅ Allows You to House Hack a Single-Family Home – No need to compete for pricey duplexes and triplexes!

If you're nevertheless willing to take this risk and execute this strategy, and your tax professional is on board with it, details of the execution matter.