I am conflicted on whether to use the 500K on one big property (ideally multi-unit) or buy several smaller properties.

I was fortunate enough to inherit a 21 unit multi family building.

What seems most attractive for now seems to be multi-family markets starting out and eventually moving into 5-20 unit properties for growth. 

I know I had no experience in MFR when I brokered my first deal and it was a 5 million dollar multi. 

Plenty of good real estate from mansions, multi-million luxury homes, big second home market for vacationers  to undeveloped lots and everything in between.

Do you want to do Single-family homes or Multi-family? 

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?

I'll be specifically looking to start in the Cincinnati, Ohio and lean towards targeting buy and hold single family and potentially multi family as well.Any advice is appreciated and I look forward to connecting. 

If that's not an option, I would recommend he look into his state and local municipalities' rules on how to handle abandoned vehicles.

Also, keep in mind that an IN multi member LLC would require a separate tax return, so you would want to budget for extra admin fees.