the move to multi-family

[Justin B.]

So we own 5 SFR's. We've set our goal for 2014 to begin investing in Multi-Family. SFR's have been great so far but we're really looking to expand the portfolio. Instead of buying 5 more SFR's this year, We're looking to buy 1 or 2 MF's.

Any advice on making the jump?
What to look out for that you don't see with SFR's?
Anything drastically different between the 2?
What's different when analyzing?
What is the 15-minute analysis you do? For example, we are thinking at looking for $X/month cash flow per $100k spent as a quick indicator if something is worth deeper diving.

To try and answer some questions I might get:
-- Our strategy is buy and hold.
-- We are looking in the Jackson, MS and Memphis, TN area (give or take 25-50 miles from city center in either place).
-- We do have the capital in order to do this.
-- I don't need any banking advice as we've got a bank we use that is ready to lend to us when we find a good deal.