I joined BiggerPockets to learn from people who are already walking this path, and to connect with others who are building systems and thinking long-term.For someone newer to investing, do you think it’s better to start small with something like a single-family rental, or save up and wait until I can jump into multi-family?

Appreciate the reply Peter.its just waiting game at this point.thanks!

1.5% difference is minimal, fha has more restrictions on condition, and fha has forever PMI (life of loan).Try to do as much of the value add work as you can yourself.  

You’ll end up owning something far away you can’t fix and can’t sell.If you treat that 10–15K like seed money — to get experience and leverage relationships — it’s more powerful than waiting years to stack 100K; Stanley I really hope this helps you and your clients a bit, I sent you a DM on BP, it's one of the reasons I do this, I hope you can assist.

And those that do often have rules such as "You have to own the unit for a year before you can rent it out" or "The HOA must have at least 30 days to perform a background check and review/approve your tenant, and we charge $250 for this privilege" (in addition to your month of lost rent, or longer for all the prospective tenants you lose  because they couldn't wait that long to get approved).

Quote from @Michael Gonzales: Cleveland Buyer default after extension — enforce EMD or keep waiting?

From what I am seeing, anything that is close to a deal that actually pencils as a minimally cash-flowing (and I do mean MINIMAL cash flow) rental is snatched up immediately and usually at full asking price.

@Jay Ke not sure how good your PMC is:(We send Eviction Notices ASAP for past due balances - you MUST "start" the eviction clock and minimize time lost!

If a tenant’s solid and they’ve already gone through screening, I’ll usually give them 48 hours max to sign and pay the deposit before I start showing again.Here’s why: people get busy, they second-guess, and sometimes they’re waiting on paycheck timing or spouse input.

The money you set aside isn’t deductible until you actually spend it, so it’s just after-tax cash waiting for repairs, vacancies, or other carrying costs.