Ally,You only need 15% down to buy an investment home even a 2-4 unit multifamily.

Even if you could get $5000 per unit and every tenant was perfect, you would still lose money.

I also recommend jumping into a renovation over new construction so you can get a feel for the work.Alternatively, you can also jump into a property where you can add more units and that can help you ease into it as well since you'll still be collecting money while you pull permits. 

@Ken Barrett I am only dealing with 2 machines total. 1 dryer and 1 washer in an 8 unit building.

If anyone is in this market and would like to connect please reach out.

We purchased our first 2-unit property about 6 months ago. 

The neighborhood was also too dense and the block was over capacity for multi family rental units.   

@Imdhadur Rahman- you will not likely  find  10% down options ...many lenders  can  lend to 85%  ltv  on  1 unit  properties  ....5% diffrence on a low priced  home  - shouldnt  amount to much 

I’m focusing my strategy on small multi family rentals but don’t see a lot of 4 unit properties which would be ideal for me.

I wouldn't buy a 12 unit with all 1 beds built in 1912 just because of the age, even though it was renovated in 2018.