Eight-plex for first multifamily

[Robert Lenfestey]

I have several single family properties and am looking to get into multifamily. I have come across an 8-plex listed at $560,000. Each unit rents between $615 and $750 for a total gross rent of $5530. There is a $180 HOA due per unit per month. Tenants pay for all utilities. The area is on the busline near a university and the listing says is popular with grad students. The units are in the process of being upgraded by the current owner and may generate higher rent once upgraded, Possibly $750 each for a total gross rent of $6000. I like the idea of an 8-plex, but the $180 per month really impacts the cash flow. I am a licensee so I would receive commission acting as my own agent which would potentially reduce the price 1.5%. What considerations should I have with an 8-plex that differ from single family?