My goal is to rehab and flip the 1st 4 properties to generate more cash, before going buy/hold.Here is an example.

I went to MFU 6-unit specifically for this reason - - to generate cashflow, not red ink.Basicially, your SFR rent less mortgage, taxes and other expenses must exceed your rent to avoid red-ink.

CL uses the ability of generated income from the property to cover the debt, using a thing called the DSCR.With MFUs 2-4, the loan can go conventional or commercial, but if you pick a MFU 5+ it must be a CL, ARM loan.

Ok folks, I just got another email from the lead that was generated from my ad on Kijiji.

I wanted to share my project and get some feedback on my first dealI'm 25 years and about 4 months ago my Mom and I bought our first real estate apartment at $90,000, small condo two bedrooms near a college area that generates $517 per room (including utilities). 

If it is not required where you live then maybe hold off, at least until you can get your first deal closed and get the funds generated from that deal.

I trust the company will underwrite the deals and your a lead generator.. lots can go wrong in this business if you have no experience which you indicate you don't.Good luck with it..Craig's list adds could help as well... marketplace on BP is a cheap way as well.

I will try and find a better GIF generator.

My "why" is to build my family legacy extending wealth, in every way, for generations to come.

In truth, I'm a bit too inexperienced to know how to answer your questions, but I'll give it a go.I've read an article on BP that talk about a 7-year (give or take) plan that eventually leads to owning an apartment building with hundreds of units and generating a million dollars per year or more.