We have been reading The Multifamily Millionaire by Brandon Turner and are very 100% sure about buying a multifamily property as our first investment.

Cold outreach is all about volume because you are trying to find the 0.5% of sellers who are motivated to sell.If you are looking for leads of sellers who are already looking to sell, you are better off doing inbound marketing such as SEO or PPC, or buying leads from companies that run their own PPC campaigns, which are called PPL (Pay Per Lead).For PPL, I would recommend https://propertyleads.com/

When you say be a part of the above point, do you mean buying up new construction in the area?

Also, a $1.74 will not buy you a cup of coffee in NYC anymore...

However, it is hard to gauge the rental potential so many years into the future with new construction SFH and apartments being built in the next few years.I’m worried about the HOA, the rental potential, whether I should keep saving and buy a SFH, or if I should just take the plunge and start building equity.

People who buy now say that the market has bottomed but I don't believe them.

I buy houses in your area.

Investment Info:Large multi-family (5+ units) buy & hold investment.

But you just don't learn enough, let alone have enough experience to to it correctly and successfully from just taking a guru seminar, or buying a mentorship.  

If you really, really want the property, probably best to just buy it now.