How much, if any less should I be paying for multi vs SFH?
I only own SFH so far, and am considering getting into multi (preferably quads).
I know how to spot a SFH deal pretty well, but I'm unsure when it comes to multi. My gut instinct tells me that a multi structure in a similar area and similar size/ bedrooms should cost less per door than a similar SFH, but most of the multis I see cost around the same. For reference, my area has good 3BR SFH selling for $150k, and 3BR 4plexes selling for $600k. The fourplexes are nice with separate entrances, but nonetheless a fourplex without a separate entrance.
From what I've heard, multifamily have higher turnover, more calls from tenants, etc. They also have lower maintenance and insurance costs. Given the differences, would it be smart to buy a 4plex at the same $/door as a SFH, or should I go for more value? If so, what kind of numbers should I shoot for?