Multifamily is much more intensive with management.

It's a little more capital and time intensive up front, but ultimately a safer deal long term. 

I'm so grateful for this last year of intense real estate investing study, and cannot thank BP enough for the books I have read and the information I have acquired.I'm now looking to purchase my second property.

You need to spends about 6 months of intensive reading and education on the subject before you actually consider a purchase.

Walking distance to shops, restaurants, bars, beach and tennis & basketball courts.

This is all anecdotal but I'm getting a sense that new construction, while time intensive in some sub-markets, is becoming a more viable option for those that meet the risk profile.

It's not a particularly complicated process, but it might be labor intensive, depending on how the buildings are wired.

@Ron S.With all due respect...I made a comment about what I suspect are one off, small assets being held by banks in states where it is an intensive effort to foreclose.  

The investment has to stand alone on it's own without my intensive involvement.

Rrenting out rooms is more labor intensive that renting a whole house to one tenant.