I want to be cautious, but also hear that its hard to generate cash flow with a small amount of units and that the bigger investors with 24 units and up will be hard to compete with in the local area.

I agree with some of the comments to be a bit cautious but it is possible to be a bit more "passive".

Be cautious, run your numbers. 

These are great tips and I will definitely be cautious of neighborhood and costly defects!

@Ana Brasher Once you get your hands on the data be very cautious using the last few years as predictive metrics for the next few. 

I'm super cautious and I think asking family members or friends for loans could possibly backfire and ruin the relationship when money is involved.

If you are planning to buy it, rent it out fully when you move and stay in the same area then you may be up for the workload but you have to be cautious because will rooms rent in your area? 

This will cause me to be more cautious when I get bids that are too tempting.

Return on cash seems to be there, I am a bit cautious on how viable these markets and deals will be if a recession hits.I think I have a little exposure to Single Family in the Midwest, but not Multi-family as of yet.

Is there anything to be cautious of in these situations?