At the same time, I like the idea of multi-family for the stronger cashflow and economies of scale.Right now, I think I’m leaning toward single-family just to get experience under my belt, but my long-term plan is definitely to grow into multi-family.

After a good year under the belt, I'd be willing to remove the pre-pay month criteria.

If your plan is to hold the property long-term, the financing structure and cash flow potential make it much more reasonable than if you were planning to sell in just a few years.You’ll want to be more cautious about overpaying on future deals, but getting your first property under your belt, especially one with financing in place and decent fundamentals, can be a great learning experience and a solid start.

But once you have a few years of operating under your belt, the LLC can start qualifying for it's own lines of credit and stuff. 

Once you’ve got a few more properties under your belt, then you can think about a Wyoming parent company or more complex structure.

Congrats on getting the first rental under your belt. 

We still have those skills in our tool belt.

Do you think that 50/50 is too aggressive for a new investor with no flips under his belt?

Once you have 3 under your belt, you can borrow up to 75%  LTV of the new ARV.

For those with a lot of years experience under their belt, what would you do?