If you are feeling overwelmed then it would probably be best to start with a single family home as you are only dealing with on tenant and SFH's are a bit easier to get into and figure out.

Many products require cash reserves of 6 months of payments.Like everybody else is saying, talk to several lenders before closing so you know how the refi will look and structure it correctly on the initial purchase.  

They said he has till the end of August, and at that point I can buy them.They are asking $150,000 for all 8 properties (single family homes) which are on the same road, and all 8 are currently rented for $400 to $500. 3 houses are in need of renovation, and they said there is 1 tenant they currently always struggle getting rent from.Despite the issues, to me, it seems like a really good deal.

I own two single family homes as of right now; one we have rented out and one we live in, but will soon be renting it out as well.

Hi @David Eiges,First I must say: If you can qualify for an FHA loan which is only 3.5% down-payment, I think that would be a better product since you plan on using the property as your primary residence.

Listsource has a sister product called Real Quest, same company, that is better for looking up individual properties.

I am looking to purchase a small multifamily rental building in an area of Connecticut that has 85% of residential buildings being owned mostly by single families, and only 15% rental.

As of right now from slowly learning our market area we are looking for 3bd/2ba Single family with an ARV of about $450k-$600k needing moderate repairs.

At this point, I could afford a conventional loan on a single property.From everything I hear (podcats, books), full-time investors are doing most of their deals off-market. 

Do you find this for all your rentals or just single family homes?