If investors on BP who chase these things realize that its really chasing rainbows then I think we have done a service for the community at large.

I realize doing any kind of development of this size (or any size for me at this stage) will require partnership with more experienced developers in my area. 

I experienced this just yesterday: a free-and-clear seller said she wanted to cash out because she had plans for the cash, but when I ran my numbers I realized my cash offer was going to be well below her asking price.

A couple months later, we owned a townhouse.We know have 3 SFH rentals:The townhouseOur old residence (we moved in 2011)Another SFH out of town in Central AZWithout going into to much detail yet, we don't make a lot of cashflow.After reading BP, I realized how much I don't know.

I realize that, at least in some ways, it may be smarter to wait a few years and just focus on learning, but to that i have two responses. 1) I am an impatient, impetuous teenager.

I realize that is a bit vague, but isn't that why most are here in the first place?

I realize that you don't want to move, but sometimes you need to make sacrifices.

Well, most people that have already posted here don't seem to realize that there is a sticky topic at the top of the BP wholesaling forum that has plenty of methods for this.

33K in student loans, about 11k on plastic (wedding/honeymoon/school), plus houseMy experience in real estate is limited to spending time with my grandfather growing up.He had several rental houses and would always be working on them.As I grew up and paid more attention to the business side of his work I realized that he was working just to stay busy and not working to create more income.His end goal was always to create more income but he was always distracted by the job of remodeling and updating.He has been my mentor and main father figure for years but now it is time I “upgrade” to someone capable of guiding me in the direction I want to go.I will always love my grandfather but his business sense is not one I need to follow.My goals in real estate are to create a “four hour work week” (gotta love the Tim Ferriss way of life) by a combination of buy and hold and flips.I hope to use this method to create a stable business and then move into apartment complexes.After lurking on this site I have learned about the different rules needed to ensure profit out of each.In my farm area there are many MLS deals that fall into these numbers.Now it is just about raising funds.I would love to find some Sub2 deals.Famous FourFavorite real estate book Never read one.Bigger Pockets Favorite business book Poke the Box by Seth Godin, 4 Hour Work Week by Tim Ferriss, and No More Mondays by Dan Miller Hobbies include working on cars and spending time with friends and family.These are very important to me and I do not get enough time with my desk job with either.What is thing that sets apart successful investors from those that fail Getting back up on the horse after failing and not letting friends and family tell you that being an investor is a stupid idea.

I realize there are several Pro's and Con's to each but one point that stands out to me the most with the 4 unit is spreading out the risk of vacancy over 4 units as opposed to 1 or 2 (depending on if the property is owner occupied)  Is there one you feel would be more beneficial to own as a new investor entering the Real Estate market?