and is this your thought on my situation specifically, being a total beginner?

I was in the same situation.

I live in a high cost of living area (northern virginia)I am interested in the possibility of multifamily homes or multiple condos/townhomes in lower cost of living areas near by - about 1-2 hours away.Can anyone tell me more about the Harper's Ferry, WV market?

@Taha Tekreetiif it "could work" I think depends on your financial situation and your goals. 

I had a similar situation in Irvington Nj, a quadplex as well, with four below market tenants. the city's rent control rules: 472-1 Establishment of rents.

I've been warned that tenants can go months without paying rent and a situation like that would make it hard for me to keep up with payments.2) New Brunswick.

I had to not only list and promote but I had to protect the equity during the negotiations with the prospect buyers, coordinate the move out with the tenant, who was previous property manager and was exercising all her rights which tend to make the situation less than ideal for sellers/landlords.

This may be due to a misunderstanding of existing options.FHA loans: Require a 3.5% down payment for investment properties with multiple units, but you must live in one unit.VA loans: Offer 0% down for veterans, but again, occupancy in one unit is mandatory.While some private lenders might offer lower down payments around 15-20%, they typically come with stricter requirements and higher interest rates.

Have you sourced multiple deals this way?

HelloI currently own 2 properties. One is currently rented in Greenwich CT, the other I just purchased in Norwalk CT and in the middle of renovations before I rent it out.I would like to purchase a 3rd home by the end...