I have 100% equity in a single-family rental outside of Detroit Michigan.

Investment Info:

I am looking to purchase a rental within the next year and am torn between SINGLE FAMILY OR MULTIFAMILY.

Single family investments are an awesome way to start.

There is no DTI when it comes to these investment specific products if you’re worried about not qualifying with traditional products, talk to a investment, focus broker who can help you we out the options and leverage with a DSCR loan

This may be easy enough for most states and their relatively simple tax regimes, but states like California, New York, Texas, Pennsylvania, and a few others have some quirks to them.For example, California makes disregarded single-member LLCs file a tax return, pay an LLC tax four months into the tax year, and potentially pay an LLC fee six months into the tax year based on estimated gross receipts.  

Either way, if you offer a good product at market rate you should be successful.

Additionally, these attract a lot of inexperienced buyers who started in the single family or four plex space who are trying to go bigger. 

Hey Zeke, There are tons of different loan products so it will be all about finding the one with guidelines that meet the needs of your scenario.

Focus for the last few years was buying and holding single family and duplexes, and that has worked well.