Quote from @Chris Springer: @Noah Dexter Leslie A safe bet would be to start with a SFH househack, where you rent out rooms, or buy a multi unit and rent out out the other unit(s).

@Chris Stonestreet1.

@Chris Seveney Thanks!

Quote from @Chris Seveney: @Brian MaI have never found this to be beneficial for loans.  

@Chris SeveneyThank you Chris.

Thanks for your reply Chris.  

@Karen Margrave @Dave Van Horn @Chris Stone @Bradley BogdanLooking to tap into your expertise here. 

There are a few very specific lenders that will lend on this, and I believe they will require much more than 20% down.The expert on this is @Chris Mason.

I like @Adam Schneider, @Chris Martin, and @BJ Henderson 's remarks.The bottom line is that your question is too broad to answer, as there are way too many unstated variables.But if I were to make some assumptions about your question, my own couple of pennies is that if you're smart, driven and persistent (and probably a few other choice adjectives), a beginning investor has a chance of making it work in the Raleigh market.

Depending on when you "place the property into service" you'll get the depreciation benefit that @Chris Seveney was talking about.