From single family to multi family

[Tiffany Smith]

Hello BP friends I am looking for advice. We have 3 single family investment properties. While we have been successful in cashing in the equity (brrrr), the monthly cash flow isn’t where we want it to be. I am considering multi family- apartment complexes but the idea is somewhat intimidating.

Any opinions on whether multi family is better or worse? What is the financing process like, do you need a business plan if going through a bank? Any advice would be greatly appreciated!