My hubby and I are self-employed and so conventional loans are a challenge for us.

The challenge with out of area is lack of local knowledge & difficulty managing from a far.

Sounds like you are well on your way and will be pulling the trigger soon, I think at this point you should have been able to conduct enough studies to determine the major challenges that exist as you define multi and single family.

So, if you like Finance and find it challenging and fun, do it.

Without giving them any type of written warning for these issues, you may have difficulty making them leave if they challenge it. 

I would love to hear feedback from those out there who have faced this challenge and found a solution.

There is a lot of B and C class buildings and most will require some rehabbing to get into rentable condition; however, once they are ready you can easily fill them with students.One of the challenges I've seen is the cost is high and can make it difficult to cash flow at the end of the day.

We have experience from working for Agents to the Property Management of residential and commercial properties, so we understand the challenges that real estate investor face.

The podcasts are especially popular.

Finding quality homes on the MLS can be a challenge.