I'm in Raleigh NC and new construction is hot on the outskirts, but the core of out city is built out.

He's out of Rochester, has lower limits for DSCR but also has a ton of options for loan products.

I pulled out and said no.

A few years ago there were a similar company out there pitching the same.

Are there any specific (out of the ordinary) things I should be cautious/aware of?

Your experience in managing investments and projects, like your mid-term rental in ABQ and the condo development in Mexico, will surely give you a solid foundation as you delve deeper into real estate with a focus on cash flow.If you ever want to chat about strategies or need advice on your next steps, feel free to reach out.

Purchase price: $112,000 Cash invested: $22,000 Bought this 3-bedroom 1 bath house in a vacation town and moved into it.

On the plus side, if the property cash flows with a DSCR loan, when it comes time to refinance time with a lower rate it will improve on cash flow lol. 

Very simply, multifamily spreads out your risk if a tenant moves out generates more income with more units and disproportionate amount of increase in expenses as there are more tenants to deal with.

I'm in RI I felt the same but I'm not chasing cash flow anymore.