Multifamily vs Single Family?

[Rob Duhon]

I'm considering making the leap from single family to multifamily, but I'm unclear on what the real advantages are to multi. I own 3 single family houses in a great town that is growing quickly. Recently, I read the Multifamily Millionaire, Wheelbarrow Profits and I've listened to the Grant Cardone podcasts on BP. However, I'm still not really sure of the advantages of multi over single. I hear that the main benefit of multi is that my wealth could grow exponentially, but that doesn't really make sense to me because I still need cash for a down payment. I can afford to buy a single family home each year. Because multi would take more, I could only buy one every 2-3 years. That seems like it would actually slow me down. I'm trying to wrap my head around how that would build wealth quicker. I'd appreciate any comments!!!!