In reality there are a multitude of ways to be financially successful in real estate whether it is investing in Multifamily syndicates, buying single family homes, lending money, investing in mortgage notes, self storage etc.

However, I no longer want to work my life away instead I have set a goal to be financially independent within 4 years through BBBR properties and rental investments.I have invested the past two months to watching podcasts and reading a multitude of investment books, in doing so I have become very confident in most of the concepts including analyzing deals, using equity to fund future deals, property management, ect.; However, I am very uncomfortable and inexperienced with how to approach banks  for the initial mortgage loan as well as how to re-approach a bank when I am ready to refinance a property.

Proverbs 11: 14 says, "Where there is no counsel, the people fall; but in the multitude of counselors there is safety." 

@Cody Evans the rankings are subject to change based off of a multitude of factors such as time available, budget, local market, and are ultimately very subjective.  

- Should I consider out of state investing back home where I have a multitude of resources, and maybe get a much cheaper triplex or MFR there for passive income at a much lower price to start out?

Seems a handful of people were pro and a multitude of people against it.

There are a multitude of lenders out there that would be able to assist with your upcoming projects.

MFH has better economies of scale (ie. 1 roof to repair for 4 units as oppose to 4 roofs for 4 SFH), and a multitude of other reasons. 

Not to mention, it can be fun and very rewarding in a multitude of ways.It's like when investors ask me how do you raise private money, I say: "Show that you're very knowledgeable about the project, prove that you're trustworthy, and do what you say you're going to do."

And someone w/ money and no experience will be no help in solving the multitude of problems that come with every project.The bottom line is this; a "deal" is done by an abundance of info, gathered by several people, all verified by a professional and then a "risk / reward" assessment is made by a lender.