However, I'm drawn to the long-term benefits of multifamily properties.

Looking at this property as a long term rental strategy.

It is important that you keep the investment for a medium to long term.

@Muhammad Kashif Flipping a property in 6–9 months results in short-term capital gains, taxed as ordinary income (up to 37% federally, plus NJ state taxes up to 10.75%).

If you had $50K in a Self direct IRA how would you leverage that to yield short and long term dividends? 

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I have properties in the Buffalo area (a mix of long term and short term) but was looking into Syracuse also, so would be interested to hear the responses.  

They also have a home vacancy tax in a lot of areas which applies to short term rentals. 

Does anyone have any experience with short term rentals in PCB?

Just trying to get favorable terms as compared to conventional loans.