And yes, the income from renting is still taxable, but ideally you are offsetting a chunk of that with depreciation which is a non-cash expense.You should read Amanda Han and Matt MacFarland's books as well which are available in the BP Bookstore. https://store.biggerpockets.com/products/tax-strategies-book...

Building a portfolio allows you to gain experience, develop systems, develop your own approach to managing properties etc.

However, if you may experience more appreciation in the home compared to a 4-plex.

I'm wondering if people had experience in any of these particular markets they could share.   

Every day is about finding ways to stay productive—reading, strategizing, networking, and setting myself up for the next opportunity.I know I’m not alone in this.

Proven Track Record – Experience in vacation rentals matters.

I recommend that you work with an accountant that has experience with real estate taxation and partnership tax returns. 

With absolutely no prior experience investing in real estate, I'm getting to the point/age where retirement from corporate America is getting closer and closer, however I still have 2 kids to put through college over the next 2-6 years.

Quote from @Andrew Cargal: I want to share my experience with The Mortgage Shop.

.: Does anyone have personal experience turning your property into a rent by the room with pad split?