Focus on understanding the rental market, conducting thorough property inspections, and leveraging owner-occupied financing options like FHA loans.

That said, I'm grateful for the alternatives you present--you're keeping the bottom line in mind, so I appreciate your help in exploring options that achieve the bottom line for the investors. 

I’ve considered the following options:1.

You'll likely also reduce your cost of living by moving to a stabilized apartment.Depending on the cashflow and debt paydown, you can use this strategy until you've built enough equity to reinvest.On the other hand, getting into a multi-family after refinancing will also help you build substantial equity to rinse and repeat in the coming years.

I really like Lease to own option to get into deals without having to take on massive debt.

However, looks like there is a harsh line as far as what locals can afford and if you go over that, vacancy is high.Watertown, NY- I’ve seen many great multi-family properties in the low to mid 100s.

@Roger CreekmoreMini splits sound like the best option from the cheap seats. 

But these programs: Extensive rehab, Multi-family conversion, these are programs for the experienced investor. 

Investment Info:Large multi-family (5+ units) buy & hold investment.

Hey BP folks,I currently have a duplex in Fort Worth (TX) that has 3 bed / 3 bath on each side with ample parking (corner lot). I’m giving serious consideration to converting into a PadSplit.However, I have heard that...