As an investor here myself, I can tell you we're seeing solid rental demand here thanks to the strong job market and major employers developing here. 

Quote from @Nadia Jones: Also posted in Getting Started Forum, but figured multifamily category may also generate some responses...so posting here as well. 

Even before only every 5th deal or so would truly allow to recycle all cash and generate 25% equity. 

I know there are a lot of very experienced investors here in the country who have been successful for a generation or so.

Once that extra rental started generating income, he realized the higher interest rate was just a temporary hiccup on the way to bigger returns.In your case, maybe look at a structure that keeps your best cash-flow property on a lighter refi (say 50% or 60% LTV) while you go a bit heavier on the one that’s not producing as much right now.

But that also means you’re generating almost zero appreciation and barely better than bank CD returns.

You typically need up to two years of stable employment before a bank will loan to you.

Longer tenancies mean lower turnover and vacancy costs, so two single-family homes usually generate more reliable income and higher net cash flow than a fourplex.Vacancy risk: A fourplex has four times the vacancy risk of a single-family home.

Both are for tracking income/expense and generate reports (P&L, cash flow, but not balance sheet) only, not for listing, screening, collecting rent. 

It’s a great option for those serious about scaling lead generation.