Your principle pay down is high right now and gets lower later.

Take a class in Real Estate Principles, Finance, Business Law, etc., you can never go wrong learning the basics in any of the categories I've mentioned.

A more profitable way is for you to master lease the property for say a monthly amount of $100 and then you basically sublease the property for $120, no license required because you are acting as a principle not an agent, just like wholesaling.

Since you have experience with single family, you already understand the basic principles, but there are simply a lot more variables in multi-family, so it's not as easy to identify a good deal.

There are 2 new sections, with regard to solicitation, that have formed from the Jobs Act which may be worth while for you to research...Regulation D / rule 506 exemptions: 506(b) and 506(c).SEC guidance has established the principle that approaching specific individuals about a securities offering is not a general solicitation if, before the individuals are approached, they have a substantive relationship with the person approaching them.

It was almost all principle.

Additional properties are purchased at 20% percent down  Year oneAs stated above this home is purchased with an FHA loan at with 5% down ($7,500) and the principle of the loan for $142,500.

I believe the mortgage insurance fee is lifted when the borrower has paid back 20% of the principle.

I think this is a combination of getting leverage and accountability on myself as well as upgrading friendships/mastermind principle.

That policy said, if this debt defaults, the insurance policy will pay you back your principle.