This can certainly happen from raising rents and adding profit centers to the property like storage units, but it is unlikely to keep pace with the 5% to 6% long-term average level of nominal appreciation for single-family properties.Further - Multifamily properties over 4 units require commercial financing, which is less attractive.

If you are buying a property that is less than 3 units, your tax rate will be roughly around 20%, and if you buy 3+ units, then your tax rate will be roughly at upper 12%. 

At the macro level, we are probably in the late innings for several popular asset classes but that does not mean you cannot find a good deal at the micro level or that some assets classes are not in different cycles.

We figured we would find a basic fixer upper.

I recently completed one in this area that I'm not readying for publication, and the book on financial independence will hopefully be book 2.I do have some specific questions that I'm eager to interview active members on, but I will put them into separate posts.Thank you all for the high level of contribution and discussion available on this forum. 

The entry level price point is especially competitive. 

Just did a white Shaker kitchen, with a dark grey island, 36" uppers, light rail, crown, two fridge panels, soft close doors and drawers and paid just under $3400.

This is because the VA loan has extra requirements for appraisal (BLUF: they must be safe, structurally sound, and sanitary — no big fixer uppers).The real value in the loan is being to put no money into the deal up front giving you a greater CoC return for the right deal.

Depends on the level of access and the condition of the pipes.

Start with the basics as others have recommended: get an entry level job, see if you can do a related field even if its just cleaning up around a construction site.