Also, I would have to look at the cost factor in renovating to create separate units.

@Nana QwequBanks also consider other factors like the debt coverage ratio depending on the type of loan or the type of property you’re trying to buy.

What are key factors that weight into who you chose, and why are those important?

Agree with Jeff's comments on not being able to factor in income.

When using a secured loan as help for a down payment you will need to factor in that generally at least some reserves are needed depending on the loan type you go with.Best of Luck!

As exciting as it is to immediately think scale, there can often be problems/unknown factors that arise with the first few properties.

I think it is unlikely and may even add a stress factor to the tenants.  

Multi Family - also expensive, and, many factors result in high prices here.

Don't forget to check market rate in your area and factor in maintenance in your cost calculations too.

You can get into your first property with as little as 3-3.5% down but when you factor in closing costs, attorney fee, inspection, appraisal and miscellaneous expenses, you're looking at an ALL-IN 10% up front expense for your first deal.In addition to boosting your buying power through saving and building your credit, you should also be building your network.