Then for the money - you start with family and friends. 

I found a multi-family listing that says the seller is offering a partial seller carryback.

I'm in the Midwest (in a suburb north of Indianapolis) and collected one month's rent for a deposit ($1900 for a single family ranch), which is what others were doing. 

Am I better suited getting into a multi-family or a single family home and look at potentially adding value somehow? 

Something I will have to do.Have you developed single family homes?

My family owns a 2 BR 1 BA in the area and I have looking at using this property as a STR, as long as the house is zoned for it.

I’ve decided I want to start out with small multi family properties and use either a buy and hold strategy or the BRRRR strategy, depending on the time investments.I love engineering, I’ve been working as a full time engineer for 8 months now about.

It’s also likely useful to picture who your ideal tenant is…families, students, contract workers, etc. that’s also going to greatly dictate where you look.

Where can I find basic template to write a mortgage for family.   

Is it better to invest in one 3-4 unit multi family first or 2-3 cheaper single family homes?