If your goal is to invest in rental properties for passive income and you own this outright, why not start with what you already have?

I'm trying to figure out which type of investment appeals most to me and my goals - it seems they all do and have different pros and cons that come with them when I sit down to analyze.Like many, my end goal is to escape my 9-5 and be able to live off of my real estate investments.

. - Choose your market based on your goals. 

The use type is certainly residential, but the common market perception is residential is primarily owner occupant product.  

There is a test called HOWEY test (you can google it).Basically if the asset is an "investment of money in a common enterprise, with a reasonable expectation of profits to be derived from the efforts of others" it is considered a security.  

@Erika Caba I think if at the end of the year when you can evaluate the situation as a whole with everything taken into consideration and are looking at your tax returns if your goals have been accomplished with this building, whether it’s positive cash flow, off setting W-2 income, whatever, then I’d say it’s too early to throw in the towel.

Goal is to keep things small and scale up to large apartment buildings and/or use the "stack" method taught by Brandon Turner.This post now has me more interested in Indy.

The dreaded HOA required further inspections and prep work in the common area.Things I have learned...1) Keep an area untouched for daily access (shower/sleeping/toilet) and rotate after one area is finished.

that COULD BE looked at as your COCR in moving around this equity. but to answer your actual question, it depends on your long term goals. if you want a million units you'd be better off in multifamily. if you want a small but mighty portfolio that you're always optimizing, maybe have some STR some MTR in there, self-manage, keep it simple... you could stick with SFH and probably have an easier time managing.

As a beginner this is me giving  ground to set my real estate goals and start working toward them.