Laminate is a great countertop and tenants prefer it over tile, which is the next cheapest countertop ...you can tile over laminate if the seams and edges are square and not curved. 

I could probably find this myself, but a multifamily property, preferably seller financed, of 4 or greater units. 4 units and I can do a federal loan since I plan on living on property. 3.

If your inspector prefers to work alone, find a different inspector. 

Hi,Can someone help me understand what is the difference between Preferred Capital and Debt when it comes to Real Estate.

While that may be a possibility in the future, I would prefer to have my first property nearby so that I can easily take care of the place and learn.Am I naive to think that I can find a good deal here that will give me positive cash flow?

You really don't have to do this to many times before the monthly cash flow puts a big grin on your face.Perhaps I prefer this method because of the low stress/slow pace it allows me. 

Prefer SFH far and away for the following reasons:Easier to rent / more responsible tenant - built in buyer - lower maintenance issues ( tenants typically take care of incidentals )  - larger appreciation  - easier to sell - larger cash flow - low vacancy rates ( 1.2 % average over the last 3 years ) - easier to overall manage  All my units are in Winnebago County with the following averages appraised value  $88,000 / cash flow $312 m / LTV 67.2% / 5+ and 13+ remaining amortizations ( originally 7 and 15 full termed ) monthly expenses $54 m 2018 47 m 2017 so technically net cash flow would be $258 2018 and $265 2017.

Also, is there a credit card that anyone prefers because of the perks or any kind of other information in relation to this?

I have some folks who've expressed interest, so we may be able to sell without putting it on the market.Since we're empty nesters with an older dog (he just turned 12 yesterday), we'd prefer to be on 1st fl for all our sakes.My 5 yr goal is to acquire 2 MFH per year over the next 5 years. 

Lawrence,With your credit score, for a low down payment program you should be looking at a conventional 97% LTV program, preferably either HomeReady or Home Possible as they have better mortgage insurance rates as well as interest rates.