One simple example, if you take two rooms and rent another 4 rooms, you will have two cars and each of the other tenants will have at least 4 other cars making you house to accomodate 6 cars.

Is simple forget all you know, go to local Investor Meeting meet investor flippers and wholesaler. 

And the simple act of owning 3-4 SF rather than 1 MF spreads your risk out as well.But before I get flamed for being the stodgy too conservative guy who ignores scale let me say that we have many many clients who will start out as SF investors. 

Find me a simple cosmetic rehab that will take about 3 months and I'm happy!

To keep this simple, we can just say that this is the equivalent of adding 0.5% or 0.55% to the note rate.

Its pretty simple. 

SUBSTANTIALLY.I highly recommend tapping into your equity and accumulating some more assets at these prices, you will thank yourself in 3 years.The best and most cost effective way to do so is a simple cash out refinance, I don't think you should touch your primary, but leverage your investments for sure.

Is it as simple as getting the site designed and engineered for the footprint, cleared and graded (all of which I am comfortable with), and then hiring a GC to build the building?

    @Kevin Sobilo Thanks, this is a simple and straightforward assignment contract.

For short-term and mid-term strategies working there, the simple answer is that it depends.