Buying a 24 unit as your first multi-family investment

[Blaine Watson]

Hi everyone, I wanted to get some ideas on whether to save up and do a large multi-family complex first (24 or so) or whether to start small. I want to be cautious, but also hear that its hard to generate cash flow with a small amount of units and that the bigger investors with 24 units and up will be hard to compete with in the local area. Can I just do alot of homework and still pull it off with a 24 unit or is this a bad idea cause I don't have the experience behind me. Thanks in advance for your input Regards Blaine