Here are some key reasons why many investors make this transition:Economies of ScaleIncreased Cash FlowRisk DiversificationProfessional Property ManagementEasier FinancingScalabilityProperty AppreciationTax BenefitsHowever, it's crucial for investors to thoroughly research and understand the unique challenges and considerations of commercial multifamily investing, such as market analysis, property management complexities, and potential regulatory issues.

For insurance I bet you could still get away with residential STR insurance, but be sure to ask your provider before and if they say get a commercial policy you probably should.

@Joel Scarboro You have the potential to benefit from a cost segregation study, but determining whether to do a cost segregation study or not has a lot variables. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Use BP Calculator(s) to show the potential investment returns.

The area around it is the fastest growing in potential revenue per sq ft.

@Kareena SharmaI can bet you that syndication doesn’t make 18% annually over 2 years.

One potential way to structure a scenario where a long-term tenant of a single-family home can receive homestead exemption is for the homeowner to designate the tenant as a co-owner or co-borrower on the property.

I wouldn't touch Cleveland personally it can't and shouldn't' be compared from an ARV potential it's a cash flow market strictly. you can't do the strategy you are talking about when the average home is more than 60 years old in Cleveland and sells for $120k or less. hard to change those economics.

This is anecdotal, as I haven't done this myself (yet), but that's what I've seen.What sources are you using to find your potential tenants?