The purchase of the multi family instead of the BRRR seems like a better idea since we are not guaranteed to find a multi family to BRRR with the amount of money we have to use.  

During this time, I've gained valuable insights and experience, and I'm eager to expand my rental property portfolio.I currently own one rental property from my first house purchase.

You do not want to purchase into an HOA that previous owner did not pay his share of up coming cap ex leaving the buyer to pay the majority of the costs.   

I have purchased a set of 4 properties in Salem NJ and need to refinance them all to pay off private money lenders.

I purchased a property via auction in Fostoria, OH.

I’m planning to get a loan from the rental ($400-500K) as seed to our next purchase.

PM me if you want specific recommendations.

@R Rodgers, do you want an buyer in an "institution" because only an INSANE buyer would purchase within that HOA?!?

While the obvious caveat to this is a slightly higher purchase price (if you choose to do so), there are a variety of benefits to this strategy as well, such as:- The idea of getting a Lump Sum Payday (from the bank) AND a steady stream of Passive Income from you as an investor for the downpayment is incentivizing to most. - If the seller is desperate to close (due to health issues, family problems, liens, etc.), they may agree to Seller Finance the small amount in order to ensure the deal makes it to the closing table. - You're minimizing how much is coming out of pocket when closing arrives. 

Hello Carlos,I can help you analyze this deal, but you need go provide more info, what is the ARV, what is the purchase price, is it rent ready, are you going to have to do any rehab.