@Corey Frank They say that I need to have strong reasons to move to a multifamily after owning a SFH (i.e. moving closer to work, bigger home, better school district, etc).I always thought that you could buy a new property after 12 months regardless of property type. 

Lease rates have skyrocketed this year as there is very strong demand  - obviously no guarantee if rates will stay high but some people are making money right now.  

You need to have a strong contract spelling out that you are not responsible for damage to those items.  

They’re quoting me a good rate but the term is only three years, or up to five years if the deal is strong enough, with amortization at 20.

If you have a strong credit/work history I'd recommend conventional as you'll have more options on houses, and I know those loans are being looked upon more favorably right now. 

But with the strong market it is right now the tenants didn't agree to the purchase price the landlord wanted to go with on the first right of refusal.

Factor in the possible replacement/repair costs and if the numbers still work out, the property matches your crystal clear criteria, and it looks like it will be a strong profitable deal, then take the next step - Otherwise, let it go.

You can always continue to learn, watch, and expand your network within the business.I believe Utah's market will remain strong for at least the next 18 months, anything beyond that is too hard to predict.

In the future I will set strong ground rules with my rental properties Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

He or She must have a strong presence in real estate of course. :)