Seems we have had single family policies (1-4 units) and multi-family (more than 4 units) and I can see the question asked on multi-family.

There isn't really a market for them as the area is mostly single family homes and apartments.

My backgrounds are in economics, accounting (CPA candidate), product design, & engineering — I know, quite a lot but I’m a lifelong learner.

Like Matthew said, if your single House hacking is the way to go!

I have since sold all my single families and maintain my focus on syndicating multifamilies, creating passive income for my investors. 

Single family housing inventory has been hovering around 2 months.

If you are feeling overwelmed then it would probably be best to start with a single family home as you are only dealing with on tenant and SFH's are a bit easier to get into and figure out.

Many products require cash reserves of 6 months of payments.Like everybody else is saying, talk to several lenders before closing so you know how the refi will look and structure it correctly on the initial purchase.  

They said he has till the end of August, and at that point I can buy them.They are asking $150,000 for all 8 properties (single family homes) which are on the same road, and all 8 are currently rented for $400 to $500. 3 houses are in need of renovation, and they said there is 1 tenant they currently always struggle getting rent from.Despite the issues, to me, it seems like a really good deal.

I own two single family homes as of right now; one we have rented out and one we live in, but will soon be renting it out as well.