Multifamily Properties

[Kevin Drysdale]

I am in the midst of setting up a partnership with someone and it is looking like we will end up with about $60,000-$80,000 of investment capital. We are wanting to have multifamily properties and wonder what a good size is to start with? We don't have investment properties yet so this will be our first deal. I've seen 13 unit properties that would have down payment and closing costs in our range, but am wondering if that would be too "big" of a deal to start with? Is there more to the deal if there are more units? More paperwork, etc? Any input would be appreciated...thanks!