Multi-family properties offer advantages single-family can't match: multiple income streams from one property, economies of scale, and faster portfolio growth.
Small Multi-Family (2-4 Units)
Duplexes to fourplexes qualify for residential financing. House hacking—live in one unit, rent the others—lets you use FHA (3.5% down) or VA (0% down) loans. After a year, move out and repeat.
Large Multi-Family (5+ Units)
Commercial classification means different financing: 20-30% down, shorter amortization. But properties are valued on income—improve operations and value increases proportionally.
Request actual financials, not pro formas. Walk every unit. Understand cap rates for your market.