When starting in MF what is one thing you wish you had known?

[Hayden Wright]

As an investor looking for my first multifamily property, I’m curious to hear what knowledge or advice would you have liked to know when you were starting out?

[Chris Levarek]

@Hayden Wright What size? Technically a duplex is multifamily. In most cases, here are some universal tips :

• buy for cashflow
• buy value-add as it helps insulate risk as a newbie
• build a team in areas you are weak in or do not want to do
• cheap multifamily will typically rent to low income tenants
• cheap multifamily will have bigger renovation budgets
• cheaper price fees and large unit count portfolio's do not equal a good property manager
• never assume anything
• partner up
• and if raising capital, raise early as @Taylor L. so equivocally mentioned.