Hello from seasoned newbie from bay area

[Diane G.]

Hello everyone...I found BP last night and have been reading tirelessly since...

I have accumulated 4 properties (3 condo in San Francisco, 1 SHF down in Union City), each of which has significant appreciation over the years... I am at the point where I wanted to take a leap of faith, sell one of the 4, and venture into a multifamily for cash flow...But I recently chatted with a friend, who bought 56 units in Phoenix over a course of 4 months in 2014 for $2M total, and from his tone, it sounds like hell....

So I came here to hopefully get educated on how/where to invest in Class C, or is it a trap that I should avoid altogether... I have a budget of $500K, hoping to buy $1.5M.... Thank you...