Assuming we get very favorable financing, it sounds like the plan would be to use all the $50k to get the best house we can in a high demand area, dont really worry about fixing it up, and then start renting it out as soon as possible?  

Now our goal is to refinance those properties before the end of the year so my banker can get a big fat bonus and I can get out of high interest.   

1 year: House hack plus 4 plex cover my living expenses5 year (Lean fire): 5k cover our living expenses (50 units should make this happen)10 years (Fat fire): 10-20k per month depending on our lifestyle but the goal is to buy a family plane for vacations and 20+ acres to build our family home.I want to grow this as a business, not a passive pursuit.

Originally posted by @Craig Lessler:Under the current situation in which most of the economy was shut down, the vast majority of people can in good faith state they have been adversely affected somehow by Covid-19. 

You don’t ask the fat guy for fitness advice and you don’t ask the ford salesman for Chevy advice.

what gets me out of bed everyday is breath in my lungs a beat in my heart and the ability to consistily move forward , to be able to help as many people that I can in 24hr's 

im going to go against the grain and say instead of of maxing your ira take the tax hit now open up a brokerage account and buy into some funds. this will make your money easily accessible for when you find a deal. i used to put as much as i could in my 401k. now i only do 6% and invest as much as i can in real estate/my own stock pick/funds. i personally dont plan on working until my 60's so rather find use to help me retire as soon as possible.

Of all these properties, I’ve seen two in real life before purchasing.Slight difference, he's a wholesaler:1) Has no clue of the mystery true buyer will give him a fat check or not beyond his own say-so.2) Has $0 dollars tied in escrow so no loyalty to the deal, which I think is immoral to make the seller take all the risk in reliance3) Thinks he's screwing over the seller at a low price.

Hey Justin,Thanks for your comment.Our bread and butter are single family but we are happy to take a "custom order" for multifamily.We usually do this for existing investors only tho.Also, as multifamily is out of the usual scope of what we do, we would require some fat cash in the deal to give us peace of mind that the transaction will actually go through.Over the years I have experienced many folks talking a big game but never actually playing it.Thus we need to protect the company in such a way by asking for $$$ in advance.Thanks again and don't hesitate to ask any further questions.

I must, however, satisfy some stipulations:  1) my offer must exceed the previous by 5%  2) I must put 5% down with the county clerk at the time I make my offer 3) I have 10 days to close 4) If i fail to close I forfeit the 5% down payment and also am required to make up any shortfall between the eventual sales price and the original offer 5)  My offer can in turn be upset by another bidder or the original bidder.Long story short there are too many questionmarks for my taste at this point.