I live in Fairfield county and looking to invest in multifamily properties, most of the properties are valued over half a million and cashflow does not meet 1% rule.

The general consensus is that most people in Colorado are vaccinated and primed to get the hell out there and travel for the first time in a year and a half.

My bank is about 1/3 mile from my house so deposit is not a problem.

But I ran it through a calculator where I realized I can pay off these 15-year mortgages at nine years, and then refinance them, buy more properties, do the same thing again.David:And I was going to turn these properties over four times and grow it to $12 million, instead of a million and a half that it was worth and that feeling of compound interest working for me just had me jazzed up.

It wouldn’t have been half that for 1 but probably like $4000.

If it is 50:50 ownership, your parents should be paying half of the bills and getting half of the income (from a CRA perspective).

That just lead to a follow up call back to me to let me know they were looking to pay half of that.

So taxes likely would be half of what you are estimating. 

If you're taking into account the ballpark number of $900/mo (or whatever you're planning on paying in rent) x 24 months (just an average based on new build timelines and playing the waiting game with material pricing etc) that would be about $21K ish- or about half or 1/3 of the cost (this will be area specific to you of course) of a small modular home maybe. 

After my initial research, I think I might want to try looking into a rehab/flip or rehab/rent (buying fixer uppers in established neighborhoods, ideally where I can eventually build an ADU on the lot,) and down the line move towards lots zoned for multifamily properties on large lots (to maximize the real estate, or have off half the lot and build another dwelling on the new lot.)