The information provided about the case hints that there is an HOA that initiated the foreclosure.

Initially, I looked into residential property management (sectional title and HOA scheme management) and developing or investing in these schemes as I acquire expertise and experience as a property portfolio manager.

The initial expense is higher because these houses must be fully furnished.

My initial strategy was to just do regular long-term rentals with one year lease terms.

@Mackenzie Davis having an inspector there at the initial property visit is a good idea. 

My problem with larger MF is the initial cost.

I've ordered the BRRRR book from BiggerPockets, and I've listened to BP Episode 327 where they do a BRRRR deep dive where David softly advised against this (@ 1:19:48 in BP 327) because it wasn't efficient, but I wanna learn more and see if it would be a good-enough way to get into real estate for someone in my position.I'm estimating that by the time I'm ready to buy--November 2022--I'll have $70,000 (not including my emergency fund) in cash for everything: cosmetic-only renovations, initial down payment, closing costs, etc.

Does this make sense to still go through with even though I will have no cash flow initially and I will still be able to add a 12 unit apartment property to my portfolio that is presently consisting of one triplex?

If I go this route and can only fly out once, when is the best time to go - to initially view properties, or to see the final property with the inspector?

Usually when someone gives an estimate like it's their initial "sniff" test.