Purchased with plan to live in permanently, put it as a STVR while traveling in our RV during the pandemic, and it did so well as a STVR that we decided to keep it as a rental and buy another cabin in Yosemite as our primary residence.

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

I am planning to get mortgage for purchasing multi-family property upto 1.5M and wanted to know what would be the best options.

Make sure your plan is rock solid, unlike hard money, you can't pay a point to extend the loan.

Also, the University had some major challenges during the Pandemic, reducing their available programs as enrollment dropped.Anecdotally, I have a friend who bought two adjacent houses to turn into University rentals.

We sold for 10k more than planned and came in a tad underbudget.

What's your plan with the proceed?

We sold for 10k more than planned and came in a tad underbudget.

My plan is to purchase single family homes/townhomes for long-term rental, and benefit from appreciation over decades.

I assume you plan to use an PM?