The other great thing about those areas is that labor costs run high and regulatory climates are severe, bottlenecking development of new apartments and giving a unique value proposition to single families for rental conversion.

Generally, the biggest challenge is a lack of quality comparable properties.

Each situation is unique, of course, but seller occupancy after closing is common. 

It's a bit challenging bc this property is rather unusual for the area, there are many similar properties.

Etc, etc.Absorbing information, making short and long term plans/goals, self-evaluating, and studying your market will all help in determining your unique answer to this question.But, in many areas, multifamily provides the best cash-flow. 

getting the deals is the challenge, once you get a house under contract then it's just connecting the right people.   

Despite tight housing inventory, rising interest rates, and affordability challenges, Austin posted double-digit increases in both single-family home sales (up 13.5% YOY) and sales dollar volume (up 19.8% YOY).

It’s a unique city and the comps they use typically are not comparable at all.

The challenge for me is that - in the short term, at least - I wanted to use the license primarily for my benefit, and not necessarily as a "job". 

If the property is distressed, it's often challenging to even get a loan from a conventional lender.