Thanks for all the comments guys.The main reason I'm asking is because I may not want to live where there are MFHs with numbers that make sense.

Owner occupied financing is going to come with more attractive rates and lower down payment requirements.

There are a lot of people out there who claim to have a lot of experience, and are happy to take you under their wing, this is very attractive to people. 

This is a follow-up to my last post, wherein I was contemplating walking away from my first potential deal (I did), mainly because of the inability to see any sort of detailed financial history for the 8-unit property.I tried doing some searching for my particular question in the forums, but I can't seem to figure out the right keywords.

I just got a 4 acre city lot rezoned from SR to C and also negotiating on a 1 acre rural industrial lot on a main highway.

Mainly because you are calculating using a Property Tax based on the last price.My client argues that it is reasonable to use current expenses to calculate the price, because you are supposed to create a selling price that is the most attractive for the seller (higher price).

What I'll add is the main difference between REIT and syndication structure is that as a passive investor in a syndication, you actually become a partially property owner and get all of the tax benefits of it.

I want to start doing buy and holds as soon as I have enough capitol for my first one and would like to get to a point where this is my main stream of income.

For example, I am better experianced on the Eastside, mainly the suburbs, but other agents are more familiar with the Westside. 

Some investors find 1-3 units more attractive while others only focus on MF.