If I do the single family option, I don't know whether to go with a turn-key property that I can just hold and rent or if I should find something cheap that needs a lot of work and then rent/sell it.If I do the multi-family, I would prefer something that doesn't need a lot of repair work.Just looking for the best advice to get the first one under my belt!!

Now that, coupled with appreciation, might be a strategy in itself for high income individuals, but if that's not a large percentage of landlords, ...like I said, expect a sell wave at the smallest sign of economy trouble or appreciation slowdown.6.

How you handle your debt is really a matter of personal preference.

These are business purpose loans, not consumer credit.You didn't mention your relationship with this individual or their experience.

My reason for using BiggerPockets is to learn as much as I can, help others learn when possible, and meet other like-minded individuals.

some of the issue is redefining affordable... on the west coast starter housing is basically 300k and up and we are in the lowest price west coat major metro.you can run all around the mid west in every city and find sub 100k housing and those mortgages and all in are less than rent.. what I find is there are just so many folks that in those markets look at owing a house as a liability and they prefer to rent.. unlike West coast or other areas of known appreciation were we look at owner occ as way to grow wealth.

I prefer to put my money and my investor's money in safer long-term holds. 

., know that tenant cannot authorize work, only provide access, and that I will make myself available by phone/text/email, whatever they prefer, to discuss options while there to avoid future service calls if possible. 

I am open to south Florida locations but for flips I prefer to stay in PSL, Martin and Palm Beach County.

However, there are areas that needs permits and we have hired a contractor who will be completing those areas along with the individuals he hires.