IMO, that's the base case you should be measuring against. yup right now being the bank is one of the better plays while we wait for the market to reach an equilibrium. 

If i were 19 today I would try to get a skill that is in high demand.

I've read that using a HELOC for the multi-family isn't a good play. would my only option at this point be to wait until i've saved enough?

Bear markets are scary and they play tricks with the investor's mind.  

I would play this as a buy a hold until the area stabilizes and appreciates.

A few questions to ponder: Is your property in an area that attracts travelers, is there a demand?

BP  linkdin  facebook connected investor are all infested with faux lenders and this is exactly how they find you.you can play along send them the 500 to 800 application fee and kiss it good by .. just so you know.or U can save your money and find a real lender..

Good luck.. but looks will not play into this. 

Because of Miami's high demand market and consequently high prices, the returns you find here are 5-7%. 

It seems like a lot of people play fast and loose with zoning and it ends up hurting the next guy down the line.I just checked and the property is gone.