Any advice from self-managing investors who handle small multi-family will be appreciated!

Goodmorning BP family- I have added an additional single family house to my portfolio so I am now house hacking two homes.

It is a very high cost of living and my landlord has been renting out the triplex for a little below market value for the past few years, however he is going to be selling the property ( all three units)  (This area is considered very nice and "shouldn't" depreciate in value. )I have been trying to deep dive into bigger pockets, reading bigger pocket books, watching videos but  a lot of the resources talk about multi-family properties as purely renting out all units and not actually living in one of the units. 

Real Lenders don’t ask borrowers how many points to charge them.Real Lenders rely upon title commitment / CPL to send loan proceeds to a title company. 

I have a 2015 3/2 single family home just north of Nashville in Robertson County. 

I have family in SD and it's a quick flight for us and easier than the drive. 

I have a bunch of land all over Texas for sale currently and I have decided that instead of wholesaling the land, I want to build a single family home.

Those two together create equity.Here's what I want you to understand about “buy and hold” residential real estate:Let’s use a single family home with a property value of $300,000Let’s use an initial loan amount of $240,000Let’s use an interest rate of 7.25%And I’m going to give you $150 of cash flow per monthUse a 5% appreciation amount for your property per yearLet’s see what happens after 5 years:After 5 years…$150 of cash flow per month = $9,000Your mortgage has been paid down to $227,000 = $13,000Your property is now worth $382,000 = $82,000So that’s $9,000 of cash flow, $13,000 of principle buy down, and $82,000 of appreciation.

I reached out to realtors in my target area, & they set me to receive emails when multi-family homes in my target price show up on the market. 

Yep 😃 it’s usually 10-20% 👍🏽I just gave a family in Tennesee one today and I’m in Illinois.