In multi-family, once you get over $1mm loan balance, you can often lose the personal guarantee.  

I hope that adds value for you. 

Hope this helps.

If you win the bid, you sign over the check to them and then you follow the rules or you lose your deposit:PUBLIC AUCTIONFORECLOSURE SALE: RESIDENTIALADDRESS: 94 JACOBS TER, MIDDLETOWN, CT 06457 Pursuant to a judgment of the Superior Court for the Judicial District of Middlesex in WELLS FARGO BANK, N.A. v.

My hopes is to begin to slowly scale I'm just fighting with what that looks like.

Losing a little money or breaking even on a first investment is generally actually not a bad outcome if you can get a lot of on-the-ground learning experiences and mistakes out of the way early

I would be more inclined to consider higher class SFR in better areas as I would hope for a better rate of appreciation over time with those properties. 

Really hope this helps!

Therefore, if you are afraid you will miss the wave and drop your prices too early you will lose revenue potential.

I hope this is of some help, and good luck.