Generally there are three categories of multifamily investment properties – which will greatly determine your loan options.These three categories are based on the number of units at the property.2-4 Units: While these are “multifamily” properties in the sense that there are “multiple units” – you will generally have very similar options for financing to traditional residential loans on single family rentals – think the traditional 30-year fixed rate conventional option or DSCR Loans – and the coveted 20% down payment option too.

They can vary based on whether you are in the city or the suburbs. 

Decide which game you want to play.

So out of state is the only play for me. 

I connected with a realtor through Bigger Pockets and they helped me navigate the area based on what I was looking for.

Based on that estimator, with the current purchase price the property tax would be 3x of what is currently being paid. 

Unless my assessment of your situation is wrong based on what you've provided, you will be required to utilize Schedule E, and cannot classify this under Schedule C. 

Every state and country are different though which is why it’s important to talk directly to them to figure out their methodology and the anticipated taxes based on your purchase price. 

There may be other things I'm unaware of that come into play as well- taxes, liability laws, etc.  

Access to utilities like water, electric, sewer, and internet plays a HUGE role in which strategy to choose.