BUT if it gets your deal done with less cash out of pocket, might be worth considering a higher rate until you can build some more equity/ pay down some of the balance, and the refi into something more reasonable in terms of rates.

Idaho is experiencing some price easing because of all the building.

I had a positive experience with a Section 8 rental in class C and it was ok, but I would not want to build a portfolio around class D. 

The alternative would be to buy a lot and build a new 4,500 sq ft home.

@Gabriella NataldieWith $10k in savings and $8k in hospital bills I would not be buying a multifamily propertyA roof, hvac system or major repair would wipe out that $10k.Closing costs alone on the property would be more than $10k.While it’s awesome to be ambitious, I recommend focusing on saving $ and building up enough capital so you can comfortably afford to buy a property

I'd strongly prefer to have a cash-less payment mechanism though, ideally a phone or a card that you can add funds to with a credit card or phone, so that tenants aren't forced to use coins or cash bills.

The AC question with Mini Split units is that they have to have an outside drain. lots of rooms without windows or office buildings do not have a place for a drain outside in a yard and people install without which leads to a problem with dripping water.

To build long term wealth he can buy into REITs or syndications.

I'm trying to build my team while i study more into REI. 

Our initial idea was to build-to-rent two 1,300 sqft homes on the additional tracts of land, but after speaking with lenders, the current interest rates made this unfeasible.