Hi,I want to get started in real estate investing and so far I am mostly interested in long term rental properties and Multi-family properties.

First, you are paying interest on the existing mortgage, then you will cash out the equity and start paying interest on that money.

Hello, I am a fix and flip investor for the past 3 years and I am about to start my first ground up build. 

Start with BiggerPockets Ultimate Beginners Guide (free).

In the future, I would love to start with owning multi-family rentals and eventually get into investing in high density rental developments.

I'm not sure what to do in this situation, whether to drop the deal and lose my earnest money or try to find another lender.

I would start attending meetups and going to events to get an idea of how others have started.Strategies are plenty.

Hi @Sabuj Banerjee,In general, in the Southwest FL markets, cash flow for SFH's is expected to be slightly negative at current interest rates, so I would recommend starting with a multifamily propertyNew construction duplexes can be found in both Lehigh Acres and Cape Coral.

I have been investing for awhile but have only recently started picking up properties that I know will not cashflow because of the prices in the area I invest (Dallas/Fort Worth) and the higher rates.I am still picking them up because it will still pay down debt and provide me with depreciation that I can use to offset my flipping and lending income.

Then isolate on the storage.This is a good size location to start with.