Currently I am working on 2 single family homes, with the help of my realtor and mentor, Gloria N Gear. 

As for liablity for a mom and pop landlord I agree do the best you can and have proper insurance..

You can get solid cash-flowing single families in the 90-120k price range and duplexes in the 130-180k price range.

I'm wondering if anyone has had experience with a similar situation to mine and or has any advice.I'm looking to buy a triplex as well as a single family home that is on one parcel, so 4 total units.

., funding.Two final thoughts, I'm all for being efficient, but you should think about the opportunity cost of tying up your own money in a single rehab, vs. using it to fund another simultaneous deal.

Also, watch out for any litigation or construction issues that could lead to HOA fee increases down the road.Alternatively, you could consider a good deal on a single-family home or a 2-4 unit property.

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@Khaled El Dorry This strategy is know as a consolidation exchange, and like what @Adam Bartomeo said a single buyer might be difficult to find.

the issue is the $200K investment does not add any where close to $200K of value in most single family zoned areas.