What do I need to know before buying my first multi family?

[Corbin Lane]

I'm thinking about selling or doing a refi on my rental home and getting the largest MF complex that I can afford (most likely 6-10 units.) I'd like to do this soon but I know that education will improve my returns. What books should I read, what topics should I familiarize with and search on BP? What are the biggest pitfalls? I'm relatively uneducated in tax, finance, and running a complex.

[Matthew Crivelli]

Here is a little advice- don't listen to tenant sob stories then feel bad and rent to them. They will smell the weakness and take full advantage of the situation. Do full screenings on everyone credit and back round and make sure to have a professional draw up the lease agreements.