I have already found a real estate agents, a real estate attorney, and several possible lenders. 

I know several larger orgs that I invest with who will only work with Accredited investors via 506(c) but I've also invested on a few smaller projects that accepted Sophisticated investors, or non-accredited, via 506(b). 

I am a addict when it comes to deals and look several times a day in my local market and missed some great deals how ever in my market I would suggest a duplex because in my city everyone works at the heart of it and the land here is just used up so its prime rentals either way I go home value has shot up as there is just no more land to build on unless you go out of town so SFH are overly priced so its a ruff cash flow, for me   I will be doing a duplex for following reasons 1 more doors = more safety if a moves out b is still helping to cover my payment 2 its still 1 roof 3 I control the value of said property if I really make it diamonds = raising the rent to the cap it controls the value of said property.

She has severance pay for about 10 more months.  

Thanks @Brandon Sturgill, I'm considering an investment in NJ or PA, just not sure if the prices in the market are right, don't want to buy something that would be worth less in a year if the market goes down significantly, especially for a first investment, and to be stuck with it for several years till prices are back where they have been.

There’s a guy on here that rehabbed one like yours and flipped it for several hundred thousand in profit .

Several questions:-Are you getting an owner occupied loan?

I intend to purchase a multi family investment property and I have several individuals who want to contribute  to the capital necessary to acquire a property.

I willProbably keep renting while I buy rentals for several more years minimum.

My interests are in single family homes and multiple family homes that I hold for several years to get a solid ROI before really expanding my portfolio.I welcome your tips and tricks and look forward to learning more from each of you as I submerge myself in this bank of knowledge.