A multi-family home is a type of residential property that contains more than one housing unit, allowing multiple families to live separately within a single building. These properties can range from a duplex, which has two dwellings within a single building, to homes or small apartment buildings with up to four individual units. Buildings with more than four units are typically considered commercial properties. Each unit in a multi-family home has its own address, kitchen, bathrooms, and typically its own entrance. However, those living in multi-family homes may have less privacy than those living in single-family homes because of shared walls. Multi-family homes can be a great way for novice real estate investors to get started buying properties that will generate passive income. They can also be a smart choice for multi-generational families interested in buying a property together while having their own separate living spaces. Some benefits of owning a multi-family home include more control over property value and repairs, expanded investment portfolio, and a larger tenant pool. However, multi-family homes have some challenges that single-family homes don’t have, such as responsibility for all repairs and more upfront costs.