So, being a passive limited partner (LP) might align better with your situation, saving you from potential liability coming from the investment or asset. 

Here are some considerations:Higher Initial Investment: Multi-family properties are generally more expensive than single-family homes, requiring a higher down payment and potentially higher financing costs.Management Complexity: Managing multiple tenants, leases, and potential tenant issues can be more complex and time-consuming.Local Market Demand: The demand for multi-family units can vary significantly by location, potentially affecting rental income and property value.If you are more interested in Class A or B properties and have a less cash flow-dependent plan, residential properties can be a simpler place to start.

I’m excited to learn from everyone here; I’ve already picked up on some priceless tidbits.In the meantime, I have come across a potential investment opportunity on a property that I wouldn’t have time to rehab.  

This ensures that the upside on any potential deal more than makes up for the upfront training fee.Think about the fee as "skin in the game".  

This can build equity and potentially increase rental income through property appreciation.Another option is to sell one or more properties to free up equity and reduce mortgage debt, which can be useful for reinvesting or diversifying investments.refinancing one or more properties to lower monthly mortgage payments and increase cash flow could also be beneficial, especially if interest rates have decreased.the best course of action depends on the clients financial goals and risk tolerance

It's smarter to know your market and potential buyers before committing to a property.

Also not sure why anyone would redeem this property as they would then be liable for the 2nd position lien potentially, whereas they could just by it from the first if they sell it free and clear.

Don't hope, speak with an accountant before you get the cost segregation.You don't want to spend thousands on a cost segregation that may potentially not help you.Best of luck.

I am actually looking at potential house hacks in my area but I guess I’m kind of picky that if I did go that route I would eventually want it to be my family home in the future so I wouldn’t just pick any house to do that.

I currently don't have any bills, so being a real estate agent and making deals could potentially help build capital.