If you are going to buy and hold, MFH is a better long term choice, but you are right to be concened, if not local, your team and resources will make or break the deal. 

.- Don’t underestimate the importance of solid systems and tenant screening, it makes or breaks operations.- Don’t try to do everything yourself; having a good team matters.Every market has its nuances, but those basics apply everywhere.

To add on if i use a owner occupied loan to qualify for a low down payment ( first time homebuyer) the mortgage usually breaks even with the sum of the rent sometimes it actually cash flows less.

Therefore, you will have to break out principal payments and interest paymetns.Best of luck!

Happy to connect and show you how I break deals down when I am buying them

Tight numbers can turn into break-even projects fast, so the deal has to make sense from the start.You’re off to a strong start—keep going!

It’s not just foreign scammers, but local scammers who will copy your ad, break into your home, and show the unit so they can collect a "security deposit" and run. 

I'm breaking ground on a 163 home subdivision up there in the spring.

After that we told the complaining tenant they will need to call the police and get us a police report to do anything more.The tenant has stated we must solve the problem or they will move out, we politely told the tenant that if they move out, they will force us to pursue all legal penalties for breaking their lease.

To set the scene: A cost seg study breaks your property into two important categories:1250 "real" property aka the building, foundation and other long life assets.1245 property aka anything that can be accelerated such as 5, 7, or 15 year property like carpets, cabinets, or other site improvements.