He's helping me to narrow down a potential multi-family property that I will be house hacking, (the deadline I have given myself to be in it is May).

Anything single family will require very creative strategies in order to generate cashflow. 

if you want to buy a vacation house for your family, and you can afford it, and you'll occasionally rent it out - that's great, it's just not an investment. 

I'd be looking at multiple structures. we try to build below the average new build cost in our market in Columbus Ohio which is 515,000 last year and we target land 40-50k and urban core adjacent where we get higher price per square foot. we build for clients with margin around $190 a sq ft depending on multi or single. we can get that down in our triplex it's a little higher on our single family homes because of garages and limited economies of scale. hope that helps. idk Philly but if you show me the area and styles of homes I can give you some more insights. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Quote from @Kathy Grossart: Can a non-accredited investor in an already established SDIRA, within a 506(b) multi-family syndication, do a 1031 exchange to another syndicated property (with same operators), if the new 506(c) offering required investors to be accredited, and the investor is not? 

Investment Info:Single-family residence buy & hold investment.

Hey @Jung LeeWelcome to the BP family.

Unfortunately, it cannot be used for a 2-4 family property, only single family properties. 

I would say that multi-family would be the easiest to wholesale due to how many there are in each metro market and the amount of MF buyers nationwide.