Buying move in ready or Rehab?
Looking for opinions on how to proceed with possible options available to me at the moment.
Option 1: Duplex with one tenant long term lease, I would OO (owner occupy) the other. So it's bringing in money from the get go and provides a house hack.
Option 2: Quadraplex that needs complete rehab, going 203K route to get the place back in working order.
What would make more sense to you start making money from day one with the "safe" duplex option. Or hold out a few months to rehab, find good tenants while OO and triple what the duplex would bring in?
Thanks!