Where to start - Multi-Family or Single Family Homes?

[Imani Naomi]

Hello Everyone, 

I am looking to start a rental portfolio and need some advice on where to begin. I have managed 180 unit buildings and currently oversee a student hosing building for 201 students. I want to start building my personal rental portfolio, but I need a little advice. Do you think it is better to start with single family units or multi-family units?

During my journey to obtaining my degree in real estate financing, I have found that single family homes cause a great financial burned if the tenant decides not to pay their rent. I have noticed much of that financial burned is mitgaged if you own a multi-family unit. Yes, I do understand their are ways mitgate risk through renting to tenants through housing programs, but my interest relies in buildings with more tenants. Considering that I have work in the property management field for the last few years, I am very familiar with what it takes to keep a multi-family property up and running. 

I would love to know how some of you started building your portfolio and what your thoughts are on starting with a portfolio with a higher number of units. I am really trying to unleash my inner Cody Davis energy lol.