Considering 4plexes vs bigger apartment complex

[Yuliany W.]

Hi All,

I'm currently looking to buy a multifamily but I'm wondering whether I should go for bigger complex instead of 4plexes.
These are the the pros and cons that came in to my mind (Please feel free to add)

Pros for 4 plexes:
- Conventional financing
- Easier to sell

Cons for 4 plexes:
- More expensive price per unit compared to bigger complex
- Smaller return compared to bigger complex
- More competition in making offers (harder to find good deals)

Pros for bigger complex:
- Cheaper price per unit
- Higher return
- Less competition in making offers

Cons for bigger complex:
- Commercial financing
- Harder to sell
- It's like putting a lot of eggs in one basket

A little bit of background about me: I'm a buy and hold investor and currently looking to buy in Arizona. I know I'm not planning to sell anytime soon but we can't predict the future so I still factor in the ease of liquidation.
I also find that the amount of work that I have to put in buying and maintaining a 4 plex is pretty much the same as a 14 plex. (I have a property manager)

One last thing, how relevant is the monopoly game in real estate investing? One of our objective in the game is to trade up our houses with hotels. What if we can just go buy hotels and skip buying the houses?

Any advice or insight will be appreciated.