Best wishes to you.

Best,Drago

Best of luck to you in buying a home!

I understand some of the possible implications of making this move would be a likely higher interest rate and lower NOI on the new investment but would like to get additional feedback on what other things I should take into consideration with this possible move from those out there who might have some experience in this realm.

From there, I decided that house hacking a single-family home was the best use of my resources at the time. 

That is the best track for agents who are veterans because you will understand more about buying when deployed and the transient nature of ownership if you are still in so this is smart.

The interest rate was 8%. 

I haven't done that as I'd rather get my client the best possible rate and make my money brokering real estate - but YMMV.

Multi family is the best way to do that.  

@Irene Morgovsky what you are experiencing is that rents do NOT increase linearly with property values.Or look at it another way, the pool of renters that can afford higher & higher rents, shrinks faster than a corresponding pool of buyers.You could look into making it a short-term rental to try to improve rental income, but:1) Is it allowed in that area2) STR rates are coming downYou may have to accept "negative income" or sell.