If the cash flow only properties are a short term stepping stone that's fine, but wealth is only measured in equity.

If the rules are not followed the state and or county can fine or disolve your LLC.

In my opinion 2/1 will attract younger families or roommates, which can be fine depending on your screening process.

I'm only getting a cashflow of $75 a month.It's a rent multiplier of 8 which is fine, but the taxes are killer.

I had a good fine dining restaurant in a 3500sf space when we purchased the mixed use building (38 residential units upstairs, 3 office/retail and a restaurant on street level).

So far I have been doing fine with the help I get here.

I have not been able to find local investors yet so I was hoping some of you fine people could recommend some funding ideas/websites/clubs you know of or have experience with.Thanks in advance for the info & I'm looking forward to your suggestions!

You should be fine with owner-occupying, although if you're in a very hot area, you may have to compete with investors if you do not get it under contract before it is opened to non owner-occupants..Sometimes these things go for a few thousand more than what they are listed at.

I assert multifamily is just fine.

As long as they are licensed and insured it should be fine.