Maybe a single family, duplex, a couple of each if large enough, or heck even some timber land in the middle of nowhere.

Could you also apply this to single family home?

Every financial planner....and I mean every single one....will advise that you absolutely need to have 3-6 months saved for an emergency fund. 

Bank was willing to do 90% if I wanted to.I recommend sitting down and calling every single small bank in the area/state.

So I have been doing some serious debating for a while now on whether to sell one of my very good cash flowing 4 bedroom 4 bathroom single family rentals in the hot, in my opinion overpriced, Madison, Wi area for a large profit and reinvest the profit into a larger property or to hold onto it and keep the cash flow coming in.

I estimate the property to be around $220K in value, and want to pay my father out about $160K for it.Caveats:It is zoned as a single family residence, but there is technically 2 units (Front and Back.

I estimate the property to be around $220K in value, and want to pay my father out about $160K for it.Caveats: It is zoned as a single family residence, but there is technically 2 units (Front and Back.

Do not buy single family homes for rentals because there are many things to look out for. 

Careful as some areas they will require it to be finished as a single family if not a true multi.

Are you looking for flips, buy and hold single family, buy and hold plex's, apartments, mobile home parks or something in between?