From there the goal is to work on building a solid portfolio with my remaining money from the house sale. 

It looks like you're in the game for the long term cash flow so I'd go with the multi-family, but it will all just depend on your numbers!

.- I am currently taking courses to get my real estate license- I am interested in all types of real estate investing (wholesale, buy & flip, buy & hold), but my long term goal is to build a portfolio of buy & hold properties.I would really like to connect with any & all of you that are located in DFW!

If you're looking to grow your portfolio, I'd do it in a place that cash flows (probably not the West Coast or Northeast).

I mean, here’s my short answer—If you’re new and want to jump in the game, if it was my situation— I’d make an offer below list price, make sure remodel is legit, and verify those suggested rents. 

Your expectations are mostly correct... you're being quoted a portfolio HML-alternative rate that'll go to 80% LTV.

I’ve owned a portfolio of houses for 21 yrs.

My initial goal is to build cash flow with Du/Tri/Quad plexes and add small apartment complexes to our portfolio that can be profitable.

If i was younger, the game plan would be pretty straight forward- go back to school, get a higher paying job, and then save and invest for financial freedom.

If you wanted to get fancy you can play the arbitrage game: You should divert your money to investments if they yield (e.g.) 7% but your loan is at 6% interest rate.