Secondly, even if you do purchase a SFH, there are ways to be creative!

And congrats on the creative financing mix!

Got really creative with that one.

Honestly, only you can decide what level of risk you're prepared to handle.

Have a knowledgable, real-estate attorney draw up the paperwork, get a down payment and be prepared to foreclose if the need arises.

I tried to read as much as I could, talk to as many people as I could, and prepare as much as I thought I needed but you just don't know until you get into these things what it takes. 

Louis in the coming year as you prepare to start investing?

My interest is mainly learning the ins and outs of multifamily investing, so if you have any books to recommend that will help me in that aspect, it will be greatly appreciated as I know there will be hiccups but want to be fully prepared at the same time.

Be prepared for an inconsistent income and lots of sales type work, cold calling, marketing etc.

This tends to be a bit conservative, but I'd prefer to be prepared for when vacancies do occur.I also estimate on average about 5% for CAPEX, 10% for repairs and maintenance, and 10% for property management.