@Rohan Gangar I'm not as familiar with DFW as I am with central and eastern TX so I can't say with much confidence what is achievable up there. 1% can sometimes be a reasonable target in TX, but it doesn't create as much cash flow as it does in other areas due to property tax.

To me, the basics of multi-family come down to the scale that you can achieve over single-family and duplexes.

@Ryan DodsonI won't speculate as to how the current economy will impact real estate prices in your area... but generally speaking if you find a deal that makes sense to you financially (ie you are achieving your target cash flow and return on investment) then I wouldn't wait. 

Building an Airbnb where everyone can belong hinges on knowing that everyone in our community understands this mission and agrees to help us achieve it.What if I decline the commitment?

If your forecast is truly achievable, then refi with A bank with option for 2nd mortgage.

But so far I find all of this incredibly fascinating and an amazing opportunity to achieve financial independence.

You'll be able to meet a lot local people to help achieve your real estate goals @Alex Aguilar

You really want to narrow your focus on one particular arena that way you can spend more time learning the particulars and the nuances so you can achieve a higher level of mastery. 

@Brian J Allen I have definitely thought about house hacking in central mass, would this be achievable within a $250k - $300k price point?

If you can find a good candidate RE, then BRRRR is a way to achieve an early initial return that helps get you to the point that rent appreciation results in good cash flow.