I lived in a bunch of these homes as a kid in the Poconos (including two in Tobyhanna).

We have mostly used this as a vacation home but I have been living in the house full time for the last 2 years. 

How would you recommend establishing/building the core 4 in a market outside of where you live? 

A little bit about me thats not related to real estate, I have lived in NWA for 10+ years and I love to call this place home, I am also a sports/adventure photographer sometimes, I love hiking and skiing, and somehow after all these years in Bentonville I am just now getting into mountain biking and I love it! 

If you live near Richmond or have family there, I would consider investing in Richmond.  

Live in one unit, rent the rest.

Where are they going to live?

It will probably not positively cash flow while you are living in it (unless you make some changes that I will get to in a sec) but it would still be a win because you would be paying down a mortgage rather than renting and I imagine your monthly housing cost might end up lower, AND you will now benefit from appreciation.

Purchase price: $275,000 I purchased this property as a live in house hack where I rented out the other rooms to cover my mortgage.

FHA means I would have to live there 2 years and HML payments are higher than I can afford.