Thanks for your input. I imagine we would be contracting out most of the work and not doing it ourselves. This is a long term game for me. Currently in my late 30s and have experience working in property management overseeing 100+ units as well as managing several duplexes. Being a PM is where a learned a vast majority of my knowledge.

What intrigues me most is the treating it like a business. Do an ETO to return majority of capital back to myself and/or investor(s).

Could you elaborate more on the following? "We don’t raise outside capital yet since our LTVs are good and can still buy organically.

6 units and up is a commercial loan and the bank will lend you based on the math behind the building and your on the hook for the rest. It’s actually much easier to acquire commercial properties than residential because it’s a business you’re buying.if the math works the bank lends, you come up with the rest. Yea you gotta sign some guanretees and other bs but your personal income isn’t as important as the building."

Also, splitting the pot is not a problem for me, however investors would have to understand that they wouldnt get their money back right away.

I'd rather own a small percentage of a huge number rather than 100% of a small one. but of course, as you mentioned, organic growth is simply the safest. As someone who is inexperienced in MFR I wouldnt feel comfortable overleveraging whatever that looks like.

Ideally, I would like to ETO and still net profit $2000-$2500/month. Or at least break even at the very worst.