If you really want to invest in MF, tread very cautiously.

If the deal doesn't seem right based on your analysis and market knowledge, it's prudent to be cautious.

I almost went through an eviction on my last property in Chicago and wanted to be extremely cautious when screening a prospective tenant for my new rental property.I had a situation where a tenant was upset at me for asking her to go through the smartmove.com process.

While this may lower your return, if you're feeling shakey, this can help you cautiously dip your toe in and mitigate risk of loss while you are learning. 

There is a huge rental market up here and people seem to be doing well but I am trying to be cautious and take EVERYTHING into account, as I have learned from reading and then also being here on BiggerPockets.  

The rental portion of the BURRRR strategy is what I'd be cautious with within Seattle city limits.

Strategy 2016: Cautiously buy out of state properties, accumulate cashflow for my balance sheet (to qualify bigger loans).Started 2016:6 (all out of state) rental properties.Holding cash/stocks for out of state investments.Today: Raised rent on 3 properties.Added 3 more rental properties, all in IndianaPurchased 2 properties from whole sellers and remotely rehabbed.Used a new loan to purchase one higher priced and newer property (remotely rehab).

@Johnny Hoang, Be cautious purchasing your first property via an online auction.  

I am not an expert in condos by any means but I am cautious/conservative in investments.

Enter into joint ventures "very cautiously".