If I were to do it right now, I would still try to house hack but would definitely look into staying in the studio if the rent is chheap and it would allow me the freedom to buy more investment properties. 

BUY TIME. 

I want to buy and hold SFH and MFH in between.

Hi,I'm interested in buying a rental property in Dallas or the outskirts of DFW.

Hi everyone,I’m currently in the process of closing on two owner-financed small multifamily properties in Milwaukee, WI, which I plan to buy and hold.

Let's say I am going to buy a SFH for a STR.- I plan to do all the work for the STR etc... - But I have a family member (Brother or Parent etc...) who is interested in putting some money into it.- Total start up costs (Down payment + closing costs, furnishing, getting started on Airbnb etc...) = 200k USD- Family member wants to put in 50k USD of the start up costs, but doesn't want to be on the hook for the mortgage. 

Investment Info:Single-family residence buy & hold investment.

I'm not saying that I favor this over buy and hold rental properties, but this seems to be a great solution for reinvesting an old self directed IRA that I have.

Why do you want your first buy to be out of state?

When I started, I wanted to leave my small business to pursue multifamily full time, and I did not have the time to fix and flip or buy a few single families scattered around.Those factors led me to start with multifamily.