Is an 11 unit apartment complex a bad first property?

[Marcus S.]

I’m chomping at the bit to purchase my first rental property and am eyeing an 11 unit apartment complex with a 12% cap rate. The numbers seem great, but part of me is concerned it will be too much learning too fast. Any advice for a wannabe landlord?

[Paul Choi]

@Marcus S. My first multifamily was a 16 unit bought 3 years ago. 500+ units later, I wish I bought more when I started lol! Learn as much as you can and practice underwriting. 12 cap seems like it's either a great deal or a really bad neighborhood so proceed with caution.