Small multi-family is in high demand. 

I understand it is a difficult market at the moment (High interest, High prices, etc), and I have no problem playing the waiting game.

Paying down a mortgage quicker gives advantages if you believe the appreciation outlook is high because the debt pay down will give you more benefits when the property appreciates.

Potentially, but highly unlikely.

And right now rates are at multi-decade highs after a rapid run up, so the wounds are not only fresh, but the bleeding hasn’t been controlled yet.Mistaken Identity:  If the syndicator on the panel says he prefers floating because he can borrow capital improvement funds, he is talking about bridge debt, which happens to have a floating rate but isn’t the primary characteristic nor the reason people use it.  

When a tenant turns over you still have your normal expenses - mortgage, taxes, insurance, but you now take on the burden of water and electric.

Since I am adjacent to the city limit, I can connect with City sewer and water...I was told.I am going back to see if that will let me bypass the 0.5 acre minimum lot size restriction if the new building is connected to city utilities..

The big brokerages do offer great support, but your fees will be high.

@Joseph Turner, if you're looking to buy in CA areas with high levels of appreciation, I've had clients take out a HELOC or 2nd mortgage and pay back the HELOC or 2nd with a cash out refinance once values appreciate. 

Plus the Smith's water is the color of a Bombay Sapphire Gin bottle.