Another option you may not have considered is to work with a developer and build a multi-family property in a desirable area, leverage ECO construction benefits available ($5 to $15 per sq. ft.) and cost segregation and bring in a management company to manage the property once it is ready for occupancy.

These buildings are zoned like hotels and have all the requirements you need to rent and make money accordingly. 

Not even talking about accepting non-accredited investors, which they don't.I am okay with a new firm accepting non-accredited for their first 1 or 2 deals while they build an investor base.

I have a feeling you'll be able to build back your savings pretty quickly.  

Take a year to build your credit and save.

After all PITI, utility, and services (lawncare and cleaning) costs I have $7,225.I set aside 25% of this for my maintenance fund.The remainder funds my lifestyle, wife has a Tesla, and quarterly vacations as well as business growth.In 2023 I am tracking to build 4 duplex units designed as room rentals funded in part from a recent land sale.

They will be snobby about the neighborhood and wouldn't do the loan if it wasn't a nice area, and only on 1950 or newer properties, but you don't have to be a Texan to get this loan on a Texas apartment building, so they're picky about the property.

Build a map to scale your REI investment.  

Can either do it as a 2nd home, will go off DTI & many more documents. but that’s the right idea, cashout refinance and use the proceeds to payoff the other heir.

Looking to build a team that can help acquire my first small multifamily!