I've seen both single and multi family properties perform extremely well but the approach may be slightly different.Single Family Pros & ConsProsRenting by the room has a higher likelihood to cashflow (renting individually produces more revenue than renting in 'bulk')Being that you'd be living in the same house as your tenant, it is easier to ensure that you are receiving your rent on time and you have supervision of your dwelling.It is generally easier to get approved for a single family and the self-sufficiency test doesn't apply.

Purchase price: $53,500 Income Producing Property for cashflow What made you interested in investing in this type of deal?

Then there’s the conundrum of any mass-produced product: the consumer.

Every investor will have their own number, but if the property can't produce at least a 8-12% return people may not want to even consider it, so focus on improving aspects that will allow you to increase rents. #2 know your area and what things rent for, be careful not to over improve your building.

I also have a duplex income producing property here!

If there's not clients to assist, all you can do is learn but that doesn't produce checks.

You'll get familiar with the listings that way and can even have MLS access under a personal assistant account on some MLSs, will see contracts, hear office talk about what top producers are doing, etc. 

In an effort to say thank you to the three mentors that helped me get started in investing, this year (2021), I have been producing two video series; One contains content on how to invest in multifamily properties and the second series highlights the crazy things I have seen, heard and experienced during my sales/investment career. 

You can look into DSCR lenders that can lend to you based on the property and its ability to produce income vs conventional financing which as you know is more so based on you and your ability to cover the mortgage.

If it is a rental property producing rental income, would the Trustee and Beneficiary receive K-1s?