I lean towards the ideas of multi family and apartments, but I'm open to a lot of new ideas as I keep learning. 

Currently in Washington state the real estate prices are very high, so I am looking to invest on out of state properties - multi family or SFH.

BP colleagues, I've been starting to look at deals in my local area (Seattle/Tacoma/Everett WA) for single and multi-family rental properties.    

I'm wondering how multi-state brokerages work.

Hey BP Community,I'm looking to add a multi-family (duplex or triplex) to my portfolio.I have a total of 3 single family rentals that are free and clear.

Could someone share insight regarding cap rate for SFH and multi fam units?

Could someone share insight regarding cap rate for SFH and multi fam units?

I currently own a multi family home I rent out and a townhome I currently reside in.  

Hi @Sameer Jain, if you're an accredited investor, you have other options to invest into multi-family properties only availble to 8.5% of the US population.

@Abdul Azeez, I think that the problem is that you are stacking the deck against yourself trying to do all of these things on your first deal:1) Purchasing the property from an online auction site / bank, which is notoriously tricky even for the experienced investor, due to their proprietary contracts and minimal due diligence period and strict deadlines.2) Working with a new contractor that you haven't used before, or seen their work before, and who may not be used to dealing with investors.3) Trying to get conventional financing on a property that has a short closing time and where the mechanical systems cannot be tested.4) Working on your first deal by yourself instead of partnering with a local investor who can guide you along, or at least a mentor who you can turn to with questions.My advice is to make it easier on yourself by considering buying a property with a standard contract and longer due diligence period, network with local investors who can provide you contractor contacts and also some guidance, and consider using private financing or hard money instead of bank financing.In my opinion, buying from the online auction sites is a more advanced strategy that you can use once you are able to ballpark construction costs yourself and/or you have a trusted contractor you've worked with before and/or you have private financing or hard money set up so you can close fast and/or you can purchase the property without interior access and hope to get lucky in terms of condition (but still buy at a price where you are comfortable doing a full rehab if necessary without losing much money) and/or you are familiar with agreement of sale contracts and closings in your state so you can assess the risks of using the bank's seller-friendly contract.You're already doing the right things by asking questions on this forum, and taking action.