Just buying a distressed home, renovating and refinancing it to recoup costs that can be used for future investments, then living in it permanently?  

Quote from @Stevan Stojakovic: Hi Michael, Single-family properties are often better for first-time investors due to lower costs, easier management, and broader resale appeal.

The potential liability from having someone do a job they are not licensed to do far outweighs the cost-benefit.

To apply cost segregation to your 2021 taxes, you need to do it at any time before you file your taxes, not before the New Year's champagne toast.Home office.

Scheduling a few out to different units and assessing their cost, response/communication, and overall quality of work. 

Getting it under market value would be a bonus.So, would using an FHA 203k renovation loan, which would allow me to buy something unqualified for a standard mortgage, which would weed out a lot of competition and push the price lower.

For cash-on-cash evaluation of rental properties, it is critical to identify ALL of  your acquisition costs. 

My wife and I own a couple duplexes in Florida, however with insurance costs on the rise, we're looking at Wisconsin, which is where my wife is from originally, and we're looking at small multifamily in Sheyboygan. 

I would call your local governing body and get their feedback because that can be another cost for you...

I can see the cost to entry being a positive one but I am looking to weighing all the options and scenarios.