Also, the knowledge you will gain from the first purchase will be astronomical in your growth as an investor.

The risk seems astronomical to the cash provider.If I were the cash provider and I believed you could do it, I would offer you compensation based on metrics. 

The multifamily space really interests me because theoretically I could pick up a 4plex, rent 3 units out and do a mid-term rental in the 4th, which would allow me to utilize that unit for myself whenever I want to come visit.As far as price-to-rent ratios, I have noticed that rents aren't astronomical in most places, but prices also aren't what they are in my city.

In addition to 7% interest rates, the tough situation we find ourselves in here in Florida is the astronomical taxes and insurance we deal with.

My beach STR appreciation is astronomical-a couple hundred thousands but mountain STR is up about $125000 and that is slightly more than 50% of what I purchased it at AND my rural mountain guests are way more chill than beach guests in terms of expectations.

However property tax in Texas is astronomical, which has turned us off that area.  

Don’t get me wrong, that is not astronomical.

Every Tom, Dick, and Harry, would be Real Estate Investor from around the country (maybe world-wide) is able to bid on-line, driving up the bidding to astronomical heights!

I doubt any of our properties in New Braunfels would get to 68 degrees without the AC running 24/7 and the electric bill would be astronomical.

Turns out that in most interest-free loans the imputed interest rate is astronomically higher than the ones charged by the average bank.