@Ella Marie the Pro's are you can build long term wealth, the Cons are you can lose money if you cannot properly quantify risk.

Id love to build relationships, explore how I can help, and create opportunities for mutual growth while expanding our networks.

Understand the multi-family market, scale up portfolio efficiently, focus on value-add opportunities, build a reliable team, stay informed, and engage with the community for support.Good luck!

It is difficult to give you sound advice without knowing much about you.  

This is something I try to live by and teach my kids if I can - "A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly.

Our team buys the properties and converts them and manages them so it has been a great learning experience seeing all three phases from taking down a project, renovating the building then managing the lease up.

We just acquired an existing duplex in Fort Lauderdale and planning on tearing it down and build a new duplex instead.

There are quite a number of things that can make utilizing an FHA loan more difficult such as more barriers during appraisal, appearance of low qualification/little cash, typically longer closing period, likely higher interest rate, and PMI cannot be dropped without a refinance if 3.5% down.That said, just chain 5% down conventional loans, and make sure your duplexes pay for themselves.  

Also thinking about wholesaling as a means to build capital  @Makani Donaldson Do you know anyone in your market that owns MTRs and LTRs that manages their own properties and needs help?

This can help build trust even without reviews.Run Promotions Strategically: Offer introductory discounts or perks (like free early check-in or late check-out) for your first few bookings.