Contractors have difficulty getting loans, and you could be the money guy. 

Plus, multifamily often appreciates faster in growing markets.Challenges: It’s a steeper learning curve—financing is trickier (think commercial loans), and you’ll need to understand occupancy rates, maintenance costs, and tenant turnover on a bigger scale.

I spent years there in Jackson did probably 1000 flip loans to locals and owned at one time 200 sfrs..

I would get a bridge loan to acquire the property if it needs to be rehabbed and/or closed quickly.

@Craig Holland Land is often sold with owner financing, in part because buyers have a hard time financing it, and in part because buyers often only need a short time before they can build on the land and refinance out of the seller loan. 

You don’t have to pay $20k+ to learn to broker loans. 

Like I mentioned to Eliott, I'm very young and I can't get a loan.

FHA loans follow very strict guidelines when it comes to property condition.

My original plan was to find a 4 plex in california buy using fha loan, move out after the first year and generate cash flow and appreciation, but after looking at properties it became clear to me that’s not possible with todays market and interest rates.

If you are looking to buy in PA, its possible you can qualify for PHA KFIT program that gives you a 5% closing cost forgivable loan.