Glen, I am in your exact same shoes.

Don't want to waste money or time.Anyone else feel this way or were in my shoes in the past?

I was in your shoes about 5 years ago, graduating from econ & finance (in an even worse job market!)

Saying that, if I was in your shoes looking to buy my first REI, I would lean towards a SFH.

-To determine what you should wholesale it for, you need to put yourself into your buyer/investor's shoes.

LOL (real money that is)So, you Guru, stud muffins out there, living it up nicely-what would you do if you were in my shoes?

Keep in mind too, that its taxed pretty much like a shoe store.

If I was in your shoes I'd choose a townhouse with 2BR.  

So I have been in your shoes before and got greedy and countered or played hardball with people and in time learned well that was stupid I could have made money and then now I was losing money.

Conversely, multi-family properties are appraised using a couple of different approaches, but predominately are valued on the {net} income they produce - very much like any other business.In the buyers shoes, you are looking for economies of scale with a multi-family property: one roof, one envelope, less vacancy risk, lower cost per unit, etc.