But to buy land just to add more units, for me is a pass.

Quote from @Holly Radice: I am looking into purchasing a 4 unit in Ohio as my first property.

While Treasuries are often viewed as "risk-free" investments, certain real estate deals in today’s market offer a compelling alternative—especially when purchased at a deep discount.Take, for example, a 1,000+ unit apartment complex in a suburb near Michigan.

You can use this property to hedge any others that you add that may only cover themselves, or require supplement until they are paid off.HOWEVER, if you have decided that your goal is to use Real Estate as a stepping stone to build wealth by upgrading the property you hold each time (condo to house, house to 4-plex, 4-plex to 8 unit, etc) then I think you are right to sell now while you think the property is at the top of it's appreciation.It will be hard for anyone on BP to tell you what to do as we don't know your goal.You are right. 

For multifamily, leverages won't be as much until you have some experience not only with 1-4 units but also 5+ units. 

In this market outlook report, we will take a look at the current and future outlook of cap rates and interest rates, the market fundamentals for the multifamily sector as a whole, the falling net deliveries and vacancies of multifamily units in the coming years in the D.C.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Clinton.

Give her 30 days notice now, keep her security deposit, and send her a additional bill for damages to the unit in lieu of taking her to court for the damages.  

Say, I have a potential client that has asked me to value a 7 unit apartment building.

@Matthew Posteraro go with as many units as you can!