Pros & Cons of purchasing multi-family buildings with more than 4 units.

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My wife and I currently own a 4-unit rental property (4-plex) in Los Angeles and are now in the beginning stages of looking into purchasing a 2nd income property.

Our agent (who we trust very much) encouraged us to look into buildings with 5 or more units, saying the deal terms are better and they are relatively easier to acquire compared to 4 units and under, not to mention potentially bringing in more cash flow.

However, I've read some potentially negative things about acquiring 5 or more unit buildings... such as very expensive mortgages and interest rates that only fix for 7 years and force a re-fi down the line. I haven't had a chance to ask our agent about these factors yet.

Can anyone shed some light on this? Thanks!