He tells me the property has been vacant since October 2017.Note that Oceanpointe deposited rents from October 2017 through March 2018.3/28/2018 - I sign the contract to change PMs to Wilmoth Group;4/2/2018 - The Wilmoth Group PM sends me many photos of the destroyed property, including what appears to be an abandoned stolen vehicle on the premises; they estimate a cost of $12,000 to $15,000 to repair all the issues; PHOTOS4/2/2018 - Reply from Clayton promising to make needed repairs4/3/2018 - Clayton Morris emails me that he is checking out the house this morning with his team; that it’s a good property and that OP will fix it on their dime.

I'm looking to get into multifamily as my investment vehicle and I'd love to hear how those of you with multifamily got started yourself.

Consult with a tax professional or accountant for precise guidance on your specific situation, as tax rules can be complex and may vary depending on your individual circumstances.

This was precisely what I was looking for.

Looking out for suggestions @Kaushik SarkarIf the equity in your properties is your only source for new investing, and the new property you are buying still cash-flow's with the cost of your borrowed money (from your properties), there is no reason to not use it as an investment vehicle.  

Obviously I don't want to over-leverage but I'm still trying to find the right vehicle: 2-3 more SFH?

Similar to a 'high gross weight' vehicle deduction.

I come up with another vehicle to fund the 25% that I would still owe grandma.

As we renovated the property, added perimeter parking for cars/boats/RV and commercial vehicles and filled up the office bldg the cash flow was over $50K/month.

There are a number of people within those groups that are actively using those vehicles.