Single family long term rentals has been working for me. 

It is flat out not worth the headache, impact to other members and having to find new members anyway to fill all the spots that left because you wanted to fill a single room. 

Unless you're working with Private Money that is going to carry the risk of your lack of experience, banks want to see experience, Net Worth and liquidity after close to consider the terms.I started with single family, four plexes, and remodel flips for a lot of years before getting into larger deals. 

This applies both to single-family residences and multi-family buildings.Non-residential HVAC systems, such as those in office buildings, warehouses and shopping centers are eligible for bonus depreciation.

Single family homes are usually the best as they have fewer limitations.

While JV's can be more all encompassing, generally they are used for a single deal at a time.

For those that have yet to do this, it takes less than 10 minutes if you are a single member llc - just make sure to have a copy of some sort of identification. we did all of ours .. and our attorney contacted us as well and let us know to get them done or he would do them for us. 

I would have to own the new investments outright in SC if I stick to single family rentals.

Is it a single-family home or condo?

I don't know a single person who regrets starting out with a quad and house hacking.