The loan technically goes into default if the 5 months are up and you haven't sold the the house, at that point you have a couple options;  you can give up and give the house back, you can make the extension payments which are HUGE and a big incentive to stay on track and get the property completed on time or you can get busy selling the house.

Long-term, I'd like to buy and hold multi-family properties, but it seems that this route requires a lot of capital for a down payment.

In order to fast track my real estate investing, if the numbers make sense, toying with a househack brrrr idea.

I’ve attended a few webinars about investing in multi family homes, and like the prospect of steady monthly income, but I am also able to provide financing myself though years of savings and the settlement result.

Multis need for be closer to $200 with 10% down.

If you’re looking to buy your first property look for a multi family property.

I just purchased a multi-unit apartment complex that came with an onsite property manager. 

Since then I have become fascinated in Long Distance Real Estate Investing but I'm still trying to figure out what areas(location) and business(SFH, Multi, Apartment) to focus on.  

@ken McElroy

., but what the gurus don't share is you often need a good track record first before someone is willing to help you out.