Lately, I've been torn between investing in multifamily or single-family properties.

Explained the situation and he said it may be a challenge to get another conventional loan (investment loan is being considered as well but; Family loan = plan A, bank loan = plan B).We want to keep the property we live in now (since Oct 2023) and rent it out when we leave.

Short Story: Started LLC with a partner(family member) with the intent to begin our joint real estate venture.

I'd also suggest a single family home house hack in a better neighborhood and renting by the room short or mid term.

I'd let the funds season in my account and then use those funds as a cash down payment for commercial loans and conventional multi-families properties.

The only way he will obtain a loan is to get financing from friends and family.

I am actually looking in Decatur as I'm seeing some single family homes in the 200k range, even some fixed uppers slightly below.

Try and create a kinda protected, intimate setting for possible family or close friend or really studious students or hospital interns.

We're hoping to do seller financing when we buy our first rental investment property, so I'll be hand-writing letters to long-time owners of rental properties (mostly single family or small multi-family).

Investment Info:Single-family residence buy & hold investment.