Comparing deals- fixer upper vs. currently ok

[Amanda G.]

Hi,

I have a not-completely-hypothetical example for advice.

Would you rather purchase a single family at $50k which will need $20k of repair to rent at 900/month, or a converted house that is currently in ok shape, with 2 1-bedroom apartments that rent at ~$430 for $70k? What variables do you consider with your answer?

Thanks for your input!