@Garrett Prenger,

Hey Garrett - with $70K saved, you're in a great position to start building cash flow through real estate! While multifamily can be a strong long-term play, I'd actually recommend considering a single-family rental (SFR) for your first deal, especially if you're newer to investing.

Here’s why SFR might be a smarter first step--
Lower entry point: In many strong rental markets in the Midwest and Southeast (like Birmingham, AL, Columbus GA, Ocala FL, Memphis TN, or Akron OH), you can find fully renovated or new build, tenant-ready SFRs in the $150K–$300K range.

Easier to finance & manage: Conventional lenders and property managers tend to be more flexible with SFRs, and your tenant base is broader.

Faster path to learning: It’s a great way to get hands-on experience with managing cash flow, working with a property manager, and understanding how to underwrite a deal without being overwhelmed by the complexity of a multi-unit investment.

If multifamily is still your long-term goal (which is a great one), you can use this first SFR to:
Build your confidence and track record
Gain equity that can later be rolled into a larger deal
Learn how to work with lenders, PMs, and contractors

With $70K, you have plenty of room to cover a 20–25% down payment, closing costs, and a cash reserve - which puts you in a strong buying position.

Always happy to chat more about specific markets or run deals side by side.

Best of luck!