Multi Family vs SFR in North Iowa

[Matthew Hollister]

I am at a crossroads this year. My situation is I'm 26 I make 45k a year and my wife makes 30k I have 5 SFR I started from nothing and saved and bought 5 rentals in 3 years. I buy them for around 35k do a light rehab (most of the time) for around 4k and they appraise around 50k. I refinance them with a 75% LTV and a 30yr fixed rate. I can do that 10 times for residential. The avg rent is around 625 little to no appreciation but good cash flow. I am thinking of stepping into the multi family this year or should I keep doing these small houses. The multi family up here in north iowa is roughly around a 10 cap I would say for a decent apartment building. Do I jump into multi this year or keep doing the small deals. My goal is around 5-10K per month after expenses right now I'm around 1500.