Please share your insights, questions, or stories in the comments below.

I'd be happy to review your contract for you if you are comfortable with sharing it with me.

., Let me know what happens, so I can share it with other investors.

I have a great spreadsheet that I created and use to analyze deals I'd be happy to share. 

@Sarah Kensinger Thanks for sharing!

Even then, we were not able to get information to share with our network to rent the unit out despite asking.

As far as a multi, personally if all things were equal I'd go for the multi for a few reasons.  1) Added diversification.. if one tenant doesn't pay, you can still cover property expenses with the other tenants 2) Shared capex... typically, one roof and one property to maintain but multiple streams of income 3) Less vacancy.. usually multi's rent for lower, for example one of mine is the sweet spot of 3 bedrooms for $1300. 

I would be happy to share more about the areas to avoid and what it is like to invest here.

Moreover, the discipline required to save for a large down payment often reflects better financial management skills.

good luck and as I said please share if you actually find a land only lender that is not HML or PML>