Ideally, I would like to purchase a duplex or MF, live in one unit and rent the other(s) out.But then I had the idea, that since I'm already applying for a loan, why NOT purchase some affordable land and develop my own MF (Duplex or 4-plex) from the ground up!?

Ideally, he would like to list the project on the MLS to find a homebuyer to pay for the project before its completion date. 

Investment Info:

Single-family residence buy & hold investment in Chattanooga.

Purchase price: $160,000

Cash invested: $70,000

Successfully bought and renovated a single family home in booming Ea...

@Lynnette E. you are so right in this and i found out the hard way.

At $300,000+ ideally but maybe not realistically you would want a renter at $3000/month or more. 

We would also ideally want to invest in properties with around 10-12 units (flexible on this).So far we have looked into Ohio, Indianapolis, and Texas. 

We have both been feeling a bit... stuck lately.Now that I am working remotely (I asked my employer to remain remote even after everyone returns to the office... request pending), I have someone to go and split costs with, and I really don't have much keeping me in the Northeast (family likely moving to South Carolina in the next few years), I am ready to take the chance.There are so many places that I'm sure I would like but in an attempt to not get analysis paralysis, and actually commit to making a move, I decided to focus on Colorado Springs.This came after doing some research on decent cost of living areas that are ideal for young active professionals who love the outdoorsy lifestyle such as myself (and my friend).It seems like there are good job opportunities there if I do chose to get a job in the area (likely to be the case if my job denies my wfh request).Ultimately, I want to buy a small multifamily house to house-hack in but first I want to start narrowing down where in Colorado Springs I would like to be.I felt that it would be best for us to rent a 2 bedroom apartment for maybe a year in Colorado Springs to get a feel for the area and see if/where I would like to buy something down the road.I am not a big city guy but do like downtown and suburban areas.

Ideally I would like a property that I can do some costmetic repairs to and force appreciation to get to 80% LTV more quickly.

You can e-subscribe to receive email notices on the progress of the bill from the state site.Thanks all!

@Dave E.