STRs require a lot more cash up front so you just want to make sure you have a good idea of what you're getting into first :) I own STRs and love it but I also wish I had learned a little more about the analysis and management prior to going live - I did some of that on the back end and could have been successful faster.Another idea is to talk with some owners 1:1 to see what advice they would have for someone starting out.

For a cash out most DSCR programs are going to require that the property has not been on the market for the last 6 months, but there are a couple who will allow after the property has been pulled from the market but will likely have a pre-payment penalty. 

The other 5% are people who "graduate" to needing a CPA/EA/Experienced tax preparer due to other specialized knowledge required.

I understand that investing requires some level of risk, but I've heard horror stories, and I REALLY don't want to make any stupid mistakes that will send me to the poor house.Because I don't yet have any experience, I'm wondering if I should invest in some kind of training program?

Please let me know what areas you like to invest and your ideal requirements.

Both meet the income requirement of 3x rent on their own and have excellent credit repayment histories.

The notion that the market might not recover until 2027-28 is speculative; real estate investing requires patience, with well-located, well-managed properties appreciating over time.5.

@Jesse LeighTypically a multifamily (2-4 units) has a higher cashflow compared with a single family home but will also required more work since you are managing more units/tenants with a multifamily.

I put a SFR on the market week before last and had 10 high quality applications in 4 days (and I require completion of a free application before I show a property).

House hacking is likely the best strategy for you.2) Once you know the financing requirements and what your budget is, define your buying criteria and strategy.