Because I have a good W2 job, a solid cash position, and a desire to build long term while still working full time, I'm attracted to multifamily rentals - the goal is to build a portfolio over the next decade or two to produce passive income comparable to my full time job. 

I have always been a top producer in automotive and I really contribute that to never meeting a customer but a friend and sticking to the philosophy of treating every customer and situation as if I were dealing with my own Mother.

You need deep pockets to get into ground up development, as well a healthy construction background. 

The property is stable and income producing with reserves attached.

I would just carry a healthy umbrella policy for a single property.

Cody is right I gleaned not the whole system from one coach but literally one or two little tidbits to create my own experience bucket and my own methods that led me to be a top producer in the industry.. and live the life I deserve  ( that sounds a little guru ish)...

You cannot use that 401(k) money until you're ready to retire or until you leave the job and roll it over into a self-directed account that can then invest in income-producing assets.

Unless the place is falling apart you will spend more that you will ever get back.Additionally most personal SFHs will not produce significant cash flow if any so you need to seriously evaluate the numbers before you decide to rent.

Stay safe, stay healthy

A few things to look for: - dividend earning whole life - a healthy guaranteed interest rate and healthy dividend.