My husband is very risk averse and I think we'll probably be more "slow and steady" than high risk quick climbers.

I have been doing a very slow crawl (while I clean up past financial mistakes & save cash for future successes) to get into the investment side, but have been working to gather some priceless experience along the way.We purchased our first home in 2005 and that became our very first rental in 2009!

@Ryan Blake Thank you so much for your response! 

The overwhelming response is that they would skip SFH rentals or flipping and go directly into MF and think bigger. 

Hi James - Thank you for your response.

People can be extremely naïve when it comes to considering the responsibilities of being a landlord and do not understand that landlords are resented by most tenants.

Thank you both for your responses, they  helped a lot.

Thanks for the response @Will Gaston!

@Ron Willbanks If you're a passive investor (aka limited partner) in an LLC, then as @Lee Ripma correctly stated you do not need another LLC as you're not personally responsible for the syndication and the syndication is going to be set up as LLC already. 

When that slows or retreats does anyone have an experience, anecdotal or otherwise, as to how that affects various rental price "brackets".