@Jaycee Greene I want to house hack for my first property whether that be SF or Multi Family, there is not too many options where I am for multi family though unfortunately. 

Night and Day.Eager newbie investors will get taken often, unfortunately.  

And we need to get in that direction, and when that unfortunate event happens for them there'll be some historical precedent they'll step on.

(Or a lot if you're dealing with a scam turnkey company, of which, unfortunately, there are a decent number.)BRRRR is much more active, you buy a fixer as you note, oversee the rehab yourself and then either manage yourself or find a manager for. 

Unfortunately, North Jersey is probably one of the hardest BRRRR markets in the country right now because of extremely low inventory, high demand, and pushed up prices because single-family home buyers are buying the properties that we all used to buy to fix up because they are desperate.You can BRRRR, carefully, into many parts of Pennsylvania though but remember that interest rates right now make it very hard to BRRRR.

I’m also finalizing my father’s estate, and I plan to use my inheritance to invest further in real estate.Losing my dad last year has been very difficult, especially because of the circumstances with his wife.

Quote from @Rud Sev: Hi Michael,Thank you, I will message my CPA asking for a more detailed explanation.I've been inquisitive with my CPA, but unless I ask question I do not get explanation (and unfortunately not a walk-through), although I've shown interest understanding this further and further.I'll try to reformulate my question more clearer (and with more data) - the problem that I have and will have is figuring out if my questions and confusion are due to a lack of understanding on my part, or my CPA is truly making mistakes.Regarding carry back, thank you for this info.

@Michael Dallas this sounds like it could either be a great deal or a suckers bet, and unfortunately, it's impossible for any of us to tell.

@Giovanni Luna unfortunately commercial is a different animal.

Unfortunately, we had no luck on the MLS.