A daughter (if not BOTH) to put in it come May 2025.20% of $550k for a family with 2 college kids is a ton.But looming college loan debt from their housing is worse!

Or slow Do people actually rent single family homes for $4000 ?   

Most had mom and dad, and 2-3 kids and their families and grandkids living in the same house. 

I'd love your insights on which cities you think are ideal for multi-family properties, especially in states with landlord-friendly regulations.

Were you targeting a single family home or multi-unit property?

Quote from @Jordan Connett: Personally i'm in Denver and BRRRR is not a strategy I'm chasing right now due to the fact I cannot cashflow deals with rates and prices. we are still flipping, developing and buying larger apartment projects (sometimes BRRRR on those) but single unit BRRRR is not a strategy for us, here, right now. we are seldom doing Brrr s on single family units  duplexes and 4 plexes are what works.

A Stanford study revealed that over 75% of the ADUs built in San Jose between 2016 and 2020 did not have a permit and are therefore illegal housing units.The lengthy permitting process, high construction costs, and shortage of tradespeople are some of the factors motivating property owners and contractors to take on the risk of building, renting to tenants, and/or housing family & friends in an illegal unit.

I am currently taking a course for a real estate license ( I know, different and not really necessary for real estate investing) for the sole purpose of commitment and telling myself that if i sign up for it, I am obligated to learn it, take in as much information as possible, and make a career for myself.

I'm on the lookout for promising investment opportunities specific to multi family, 3 or 4 units with a good unit mix.

Basically, if we bought the duplex, we couldn't qualify for another loan that would let us buy another duplex or even a single family home.