I am curious as to input on regulations and code implications in the multi family market.Many people recommend staying under 4 units;  Does anyone have feedback on the model of 5+unit properties versus standard tri plex and quadplex investment and management?

House hacking a plex can be a great way to get started if you don't have a large family.

One could have the best of both world by purchasing a 4 Plex. 

I just found this 4 plex in Grande Prairie AB.  

Is it a single family or a plex?

If you do sell, you might consider a four-plex in somewhere like Everett.

I don't really like that.Offer #2============I don't have the exact amount to be borrowed but it would be around $100k (probably a little less) and I would be in 1st position on a 4-plex.  

Personally, I wouldn't be opposed to looking at opportunities up to a Quad-Plex so if you see anything that you believe presents an opportunity please don't hesitate to let me know.

It'd be nice if you could by the whole "8-plex" on cap rate.

Our investing strategy will focus on single family homes in excellent school districts (thus far, we have 2 SFH in Keller ISD, and 1 in Northwest ISD- Byron Nelson HS), as well as multi family properties that make sense from a cash flow perspective (We've looked at 2 four plexes, and we're currently evaluating an 8 unit apartment complex).Here are some questions we have for the well informed masses at Bigger Pockets:#1 Do [you] recommend that we set up an LLC for all properties, or a series LLC, delineating each property into separate LLC's "underneath" the main LLC?