I love the strategy of small multifamily properties. 1 roof, 1 foundation, multiple tenants :)In the Charlotte market, this strategy is VERY challenging, just because the inventory is much more limited than single family/townhouse/condos.

Here is where it stops I shall tells yous.You set your limit BEFORE you even negotiate OR try to convince yourself a bad deal REALLLLLY could be a good deal if you tilt your head a bit and look at it from an other angle.If 29K is your limit, you walk if someone wants 29.5K for it.This is a system.

Limited area. 

Perhaps one with strong real estate knowledge, but also one who can advise my wife and I on a variety of other topics, including but not limited to her 401k, stock investments, college funds/trust funds for our 5 children, etc?

However, with limited funds of just 20K and with minimal construction experience the single family is easier starting out.

It's likely not the best way to make a lot of money, but I feel that it is better to do something within my current capabilities instead of getting over stretched beyond my limits and get into trouble.

The lifestyle-erica might be saying "how long are you going to wait to live how you want to live?".

However, insurance is limited because it only protects you from one type of liability: accidents/negligence.

As of right now we are heavily focused on being debt free so we are limited with cash.

However, insurance is limited because it only protects you from one type of liability: accidents/negligence.