Wow.... 500k, my suggestion is multi family buying one house at a time will take a lifetime.

I'm liking the BRRR strategy but would like to step up to multi-family. 

Might talk to local property managers to see what they say.I personally wouldn't use a live-in property manager for a multi this small, just doesn't make financial sense compared to paying 8-10% for an outside manager.

This was a vacant lot that was advertised online with a no reserve auction for $101.

I have a 3 family house in Manchester, NH. Anyone can recommend an insurance agent?

But you should look into the 203k FHA loans, they have very low down payments, (as low as 3.5 percent). explore this option, for a multi family unit. defiantly better than renting

We are experienced in both SFR and Multi-family management and can handle everything you want. 

Debt service would be at about $9,886.Based on the expenses provided it would be a great deal but having the conservative approach, being that its a small multi lets assume 40% for expenses.Income- $22,620Expenses- $9,048NOI= $13572Debt Service- $9886CashFlow= $3686/ year, $307.17/ month, $102.39/ unitAny feedback will be helpful.Best Regards,Rico

Debt service would be at about $9,886.Based on the expenses provided it would be a great deal but having the conservative approach, being that its a small multi lets assume 40% for expenses.Income- $22,620Expenses- $9,048NOI= $13572Debt Service- $9886CashFlow= $3686/ year, $307.17/ month, $102.39/ unitAny feedback will be helpful!

I’m looking to move into larger multi family properties with the goal to initially replace my W-2., build passive income and equity to teach my kids the value of.