I am a acquisitions manager for a  wholesaler here in Oklahoma I have yet to buy any  SFH and I am wanting to  buy something soon, but I have been reading ABC'S of real estate investing and it has really got me thinking about maybe going into multifamily, it seems like you can increase cash flow more than just one, and I like the idea of that....

These are referred to as absentee owners, a popular target for direct mail campaigns. 

Today, the House passed a bill that would reduce the value of the mortgage interest deduction, eliminate the deduction for state and local taxes, and cap the property tax deduction — increasing taxes for many homeowners.

Today, the House passed a bill that would reduce the value of the mortgage interest deduction, eliminate the deduction for state and local taxes, and cap the property tax deduction — increasing taxes for many homeowners.

Just curious - do you have 2 year lease with automatic rent increase set up with this purchase? 

When you sell the house what title issues will you run into that will increase your holding costs?

The other option would be to figure out how to increase the income of the place to make it work.  

Nashville TN 50x150 lotTwo homes - stacked front to back - popular here75,000 land costTwo 1600 SF homes - 3 bed 2.5 bath @ 105/SF build cost - 336k build cost320,000 sell price per house6% realtor fees14k interest - 4k survey - 1k legal fee - 36k builder fee0% down construction loan if at or below 80% LTVTotal cost of loan = 447k, Appraisal (estimate) = 640k, So total cost is right at 70% of appraised valueOut of pocket spent on soft costs = 20k~141,000 profit10 month timeline

As a yearly lease guy, using Air BNB to increase gross revenue is interesting, but I wonder if the additional work is worth the real NET gain. 

On the income side a lot of the time they are trying to sell off the Pro Forma numbers and not actuals - I’m using their actuals, and if they are drastically under market I’ll put a slight increase on the actuals.