Making the jump to multifamily

[John McKee]

So I've been trucking along over the last decade buying one property a year in commercial. Primarily mom and pop small properties that are NNN. Cap rates are low like 6-7% but there is very little hassel. The cash flow is decent, but only because I put 25% down. My question is should I make the leap into multifamily for higher returns. It seems like a lot of deals that I have seen have already squeezed the value out the apartments, so buying an apartment at a 6% cap would seem ridiculous with all of the hassel. Tell me what I don't know about Multi family and what you guys are seeing out there in the market?