@zhinethstach: I've looked at Multi family in the greater Seattle area as well, they cost about the same as the SFH I buy now and required the same down payment, alas, there is a smaller market for those than the SFH. Then again, I'm not sure if you are buying 700K multi family either. Most of the ones I looked at where a lot less than that. Nevertheless, I need about 70K for each house I buy.
@motherfussbudget: I HAVE actually considered selling notes by becoming the bank and offering owner financing. However; this is not something I am familiar with and am hesitant to get involved with something I have no experience in and don't understand.
I actually stumbled across a video by freedom mentor where he talked about how it is better to own one or two properties that are paid off and cash flow nicely than it is to have 24 properties that are leveraged to the hilt. Considering he speaks from experience, I think I'm going to go with what he says. I will still leverage most of my properties for higher returns, but it just seemed like I was moving too slow compared to some of these people on youtube talking about how they went from one house to 42 in 2 years or whatever.
At the end of the day, this isn't my primary job right now. I need to focus on work to keep getting money, which allows me to put the machinery in place for long term wealth.
Also, he noted in the video that he is not a fan of TK investing. He tried it himself but eventually sold and bought property in Florida where he moved to. If I wanted to buy more properties than I have now, with the money I have now, I could always cash out and move to IN and buy a dozen properties paid in full; live in one, rent the others our and call it good. Alas, although FI, I am still working to get more money. The opportunity cost of quitting a high paying job is too high, and things are going well, so why not keep working to add more buffer and build more wealth in the long run?
I think I'm better off doing the slow and steady/safe route than speculating and getting in over my head. After all, this isn't the bread winner for me right now. It adds to my wealth drastically, but I wouldn't quit my job to do it full time right now (another point freedom mentor cited as one of his mistakes).