Quote from @Jefferey Eutsay: I'm considering making an offer on a 36-unit multi-family property.

I'm not trying to insult you, but the terms "36-Unit Multi-Family" and "First Time Investor" should not go together.

I just moved to Michigan and I am looking to get another property-could be a single family rental or multi family, duplex , or anything for cash flow.

Downtown Kansas City, Missouri has experienced $9+ billion in investment since 2001, including a new convention center and hotel, a state-of-the-art sports arena, a performing arts center, a new streetcar, and an eight-block restaurant and entertainment district (read more here).

I was going through the rent control laws ( I know, should have done that before purchasing the property ), and a section stands out. https://ecode360.com/30526708#42037155Based on what I can read, the rent control chapter doesn't apply to: Dwellings of three and four units, at least one of which is occupied by one or more of the owners thereof.My understanding is that rent control doesn't apply to owner-occupied multi-units. 

Quote from @Eamon Conheady: I was purchasing a multi family through an IRA LLC and was utilizing debt to finance it, requiring a non-recourse loan.

So this Multi I want to offer in Kearny New Jersey (NJ) has an illegal finished bathroom in the basement and finished rooms.

The problem with Multi Family is that unless you or your partner have $10M or so of net worth and $1M in cash laying around as well as prior experience with commercial real estate, you can't get the loan. 

Indiana has several markets that can hit the 1% rule, particularly with duplexes and small multi-family properties.

I’m currently selling my main house and wanted to house hack but the only multi family properties coming on the market are like $1.2 million for a duplex and it just doesn’t math :/ Home prices here have always seemed to be higher than most areas.