Here's the problem - we live in Arizona and are not interested in self-managing these properties from so far away.  

They are calling this a "Rent Stabilization Bill", but I hear RENT CONTROL.If you live in and/or invest in Alaska please consider contacting your state legislators to let them know how this will not only negatively affect you, but how it will adversely affect Tenants.

Katlynn,  I live and invest in NE Tennessee and we still have a shortage of inventory.

And if you're looking at the Northern Nevada or Northeast Ohio markets (I live in Reno, NV and invest from a distance in the Cleveland, OH area), feel free to connect and message me for more specific referrals.Cheers,Alex

If you can swing living in one of the units of your new multi it could help to lower the rate on your loan by about a point, which I highly recommend.The process is almost the same but your inspection is going to cost more and you'll have to take over the leases of the tenants already in place.

I have a home that I live in but I also collect rent from.

To put 10% down on a 3-unit you would need to live in the property as it takes 20-25% down for a non-owner occupied 3 unit.

While you can’t completely control who applies to live in your properties, you most definitely can find areas that are popular with students, young professionals, families, etc. 4) just as important as finding the property, you need to have an exit strategy in mind for the property.

If so, have you ever done a buy and hold partnership deal that includes one partner invests and the other lives in as principal residence for 2+years during renovation and manages property until sale? 

You did not say where you live?