Starting out with a 6-8 unit too ambitious??

[David Kimball]

Hi, I'm a younger investor (27) with quite a bit of education under my belt. I've attended my local REIA for over a half year now, took the license course, read many great books, and did a 3-4 month intensive mentorship with a pro flipper.

I definitely see the value in learning flipping, rehabbing, and wholesaling. However, I'm not completely without cash - I happen to have inherited close to 80k PLUS I could easily partner with my father for credit and more capital and buy a pretty chunky apartment building in Newark or Jersey City with a nice 9-10% CAP.

I have also been reading a lot about landlord law and feel I could be ready in 2-3 months to be a landlord or at least identify a good prop. management company to handle a 6 unit.

Is this unrealistic? I know it would probably be "easier" to start with a 3 unit, especially if I am going to be landlord. But I really feel that 6+ makes for a better, more stable, more efficient rental machine, as expenses are proportionally less at that scale.

On the other hand, I don't want to rush just because I have no job and need the cashflow. So perhaps I should start small if I really feel I need to upgrade to commercial res. just do a 1031 exchange within a few months.