How big is too big for first deal?

[Joseph Schults]

Hello, I am just getting started in my RE investing career. I do not want to buy a single family and would like to delve into 8+ units for my first multifamily transaction (first RE transaction). How big is too big? I have $100k in liquid assets, a good debt:equity, and solid credit score. My career has been in structured credit finance in New York, but I now live in south Florida. 16 unit properties here are all $4mm+, should I be looking elsewhere? If I have sponsor equity of another $100k, what type of price point should I start at? Am I reaching too far to look at $2-3mm deals if I can enable creative financing?