Diversification into multifamily also lowers risk compared to a single rental, as vacancies won’t affect your income as drastically.3.

I'm interested in flipping, and short-term rentals at the moment to build good cash flow, then pivot into more of a buy-and-hold/appreciation play 10-15 years from now.

As an out of state investor, I would love to connect and potentially have a property manager in my team that experience in Section 8 rental. 

Verifying last 2 years of rental history very important!

But if you know what you're doing in finding the properties and want a fixer upper, it's doable.I will say that the multi-family rental market is pretty saturated here though. 

You could get into a solid multi-unit or a single-family rental with real cash flow instead of hoping your Katy rental eventually fills.Not saying you should walk just yet, but if leasing drags out longer than expected, would you consider selling and reinvesting somewhere with better returns?

Rich Dad, Poor Dad is a great mindset shift, and The Book on Rental Property Investing is a solid next step! 

Financing your second property can be tricky since lenders may only count 75% of rental income toward your debt-to-income ratio, so get pre-approved early.

Once you identify a good PM, talk to them about transferring each rental as they become available.

SF Rentals