It's nice to have a benchmark and nice to try to run numbers like that, but what I find is when you do that right now in today's market you probably won't end up buying anything. 

Hi everyone! I'm Ivona, a Canadian investor eager to expand my business in the US. I'd love your insights on which cities you think are ideal for multi-family properties, especially in states with landlord-friendly re...

I buy and sell homes and wholesale Lease options .

Might be easier to buy the material and hire someone to lay it out, especially being that big!  

Additionally, I am willing to live in one of the units for a year.My long-term vision is to buy everyone out and eventually own the property entirely.What are some common deal structures I can explore based on my contributions and end goal?

Would prefer to invest instead of own the home I live in.I've have had it suggested that to get started, I should buy a property that is under 100k in cash. 

Investment Info:Single-family residence buy & hold investment.

You may not be able to get as much house for the same amount of money if you decide to buy another rental in the future but if you do your research and spend time searching you can still find good deals for similar properties.

Investment Info:Single-family residence buy & hold investment.

And you point out an important detail about long-term plans- yes we are looking at this as a buy and hold hopefully for decades to come, where we'd do everything you said: contesting taxes, refinancing when possible, raise rents when appropriate.