I have a feeling you'll be able to build back your savings pretty quickly.  

Build a map to scale your REI investment.  

Take a year to build your credit and save.

Looking to build a team that can help acquire my first small multifamily! 

They will be snobby about the neighborhood and wouldn't do the loan if it wasn't a nice area, and only on 1950 or newer properties, but you don't have to be a Texan to get this loan on a Texas apartment building, so they're picky about the property.

It's a great starter property, so you can work out the kinks, figure out management, and build out your team.

My guess is because new and improved buildings have been built?

The long game the appreciation is where you will be building more wealth than a 500 or 1000 per month cash flow. 

While shopping for a small multi-family building (3 or 4 units), I would like to get an inspection of the building to get an estimate of repair costs if any problems are found (foundation, roof, electrical, plumbing, heating). 

Thank you for your insights and for pointing me to resources that should be reviewed so I can build a model in Excel to evaluate this decision.