We have reserves, but this solidified how important it is to have sufficient reserves in the event of uncontrollable circumstances.

Manny Moreno It's going to be very difficult to pass the self-sufficiency rule in SD so make sure your lender has that part down.

So max I have is $600,000, although I don't know if I want to spend all of this.My Goals:I want to scale fairly quickly, I am 35 years old now and I want to have sufficient amount of units/ properties by the age of 45.

Just make sure you watch out for the FHA SS rule (self sufficiency) however if you're buying in MI you should not have a problem with it.

Hello BP,I started looking for small multifamily properties in the $300k-$600k price range and There are a few things that are a little unclear to me: A little about myselfI am a self employed and have been working in brokerage. 

So max I have is $600,000, although I don't know if I want to spend all of this.My Goals:I want to scale fairly quickly, I am 35 years old now and I want to have sufficient amount of units/ properties by the age of 45.

I want to do this all while ensuring my tenants' housing needs are sufficiently met.I'm considering starting with a 5% management fee (and no extra fees), giving the first 3 months of services free as a sort of trial period, and allowing owners to back-out of my services with only a 30-day notice and no extra fees.

If the funds that you net after you complete the deal is sufficient for you to continue with your goal, then 'yes' the deal is 'good.'

Like the ones I looked are within 3 hour driving range.

Hi @Bhavik Doshi due to FHA Self Sufficiency rule it's very hard to find a 3/4 unit in the DMV that works for financing.