Being a novice, would you suggest starting slow with a single-family and adding to that over the years?

My mom said that there are many benefits, but it's so downright different in terms of loopholes and benefits on complicated tax returns that she's glad to be retired and not elbow deep in corporate tax returns.

It sounds like you're taking the right steps to take it slow.

I am pretty deep into this flip and, unfortunately, there's not much room to price drop.

  ( Charleston Market specific)Now I have two big Oregon projects on the books my bankers think like @Chris Seveney we are and they are fine financing for the next 2 build years.. then who knows but we still have not recovered from the last recession we still have a shortage of about 20 thousand new builds that can be absorbed.. so no slow down and you see the market report indicates that and the 3 big Amazon sites that are bringing about 6k workers don't go into service until late fall.. and the 23 homes I am building is 2 miles from there I did not sell one to anyone from Amazon.. sold one on sunday so some one moving in from Vegas.. so still 100 people a day move into the Portland metro and about 50 a day into Charleston those are my two main new build markets.all of my turn key markets are also having record years the appetite for cash flow rentals has never been higher and with financing finally loosened up to where its not like pulling teeth to get a loan its just roared back with no end in site.. at least for my guys and gals.And of course our note business is just steaming ahead at record pace as well as investors at the mom and pop level have learned what turnkey note investing is all about.

In a perfect world it works, but we live in a far from perfect world. 2) I would use DSCR loans or Traditional Investment financing to purchase properties the slow way and make sure the cashflow is there with conservative calculations. 

I'm in an urban area and my biggest competitor are the hotels.Last year my ratings started slipping when I offered deep discounts in January.

I've put up with tenants who are slow payers but I know that's my choice.

YES, we may be a little biased, but check out our blog here on BP comparing Detroit to other cities and Deep Dives on Metro Detroit cities & neighborhoods: https://www.biggerpockets.com/...

This can be a slow going process to start but once you have a good portfolio of properties the equity will be there to scale... doing low down payments and variable rate mortgages etc. is risky and doesn't leave enough skin in the game to do much with.