I thought I was doing good until I found my local mentor, @Jonathan Bombaci, who owns hundred and hundreds of multifamily units.

Duplex house - 2 units both 2/1 (good condition)Estimated sale price $310kQuoted payment 7.5% (25% down)$2068.96/month (assuming $150/mo for insurance and $293/mo for taxes)$87,149 cash to closeAnnual cash on cash return 3.6%cashflow $252 monthlyBoth units currently occupied and lease signed through April 2024I will be using property management for this property because it’s out of state for me. 10% fee. 

I am a first-time investor in the Albany/Troy area in NY, closing on a 3 family (Three 1 bedroom units) in the next couple of weeks.

Add on potential electrical main panel upgrades to handle the increased load (assuming no gas service, they'll be cooking and heating with electricity in the ADU), along with drawing and permit fees and you're maybe another $5k. 

Watch out for HOAs - not every HOA allows rentals and not every HOA that allows rentals allows you to rent out a unit immediately after purchasing it.

I'm about 2 hours north of there.Im still trying to find my market and would like to be within 3 hours or so,Indy is in that range.Hi Josh - all 1-4 unit residential deals in Indy so far (though we also do 5+ unit MFR and commercial).

You get access to 80% of your cash back to move to the next purchase.The other option is use a small portion of funds 15% to purchase any SFR or 2-4 units through an investment purchase typically Bank portfolio.

I want to use the new 5% conventional on a four-plex unit-to-house hack (MTR strategy) in Cincinnati, OH.

One unit is vacant and need to put in W/d hook up and get tenant and then potentially furnish for MTR next year. 

Purchase price: $715,000 Cash invested: $11,000 4 Unit Building that we are adding another unit to and renovating the rest of the building.