Thanks, Jeremy, for the long reply!

However, after meeting with a friend who has real estate experience he mentioned that he predicts in about 12-18 months there will be a downturn of the market and an influx of foreclosures due to the pandemic forebearance.I now feel like our momentum and excitement has come to a screeching halt and I am unsure of whether or not to invest in this market.I understand long term the market works itself out, however, if I bought this multifamily unit on my current income, I cannot afford for the rental market to depreciate as well which is my fear.The mortgage would be about 4K.

Long ago I tried a few of these sites like this and their product is awful.

My thoughts were to do a ground level 3/2 long term rental and use the basement to have a small 1 bedroom midterm rental since it was close to NORTHSIDE Gwinnett

Purchase price: $300,000 Cash invested: $50,000 Short Term Rental Property in Whittier, NC with long range mountain views.

Long term hold.

@Alejandro Bautista this is one of those topics has been debated on here for a really long time.

I know it is a long post, but any help and guidance are much appreciated!

Normally in a spot like this, we would recommend to a client that you sell your primary residence and claim your capital gains exemption under Section 121, but you have two strikes against you: (1) you have not lived in this property long enough to qualify for that, and (2) I'm hoping you already claimed an exemption on the sale of your other primary residence a few months ago, and you can't claim Section 121 exemptions within 2 years of each other. 

How long do rentals usually stay on market in Grand Rapids?