SFH vs MFH in Cleveland, OH market.

[Daniela Schaal]

Hi.

I am in the Cleveland, OH market, and own a few SFH that I rent out. The market is great for CoC return as well as some appreciation. Looking for thoughts and feedback as I debate continuing on the SFH path or entering the MFH market (2-4 units). The appreciation here on those seems minuscule so would hope the CoC makes up for it. The goal is income and hold long term. What are the criteria I should look for when researching and identifying a 'good MFH investment': I heard $300/unit profit is ideal as well as total rent being at least 1% of purchase price. Are there any hidden risks to consider with MFH's? Thank you in advance!

[Ethan Haigler]

@Daniela Schaal I'm in Cleveland as well, with SFH and multifamily homes. I personally like SFH or small multi's more because they are more liquid. With bigger multi's, you have additional costs as well, like cleaning, landscaping etc. if you buy at the right price, multi's' can be good, but it's hard to get a good on them because they are glamorous to many just because they are multi's. Regardless, if you'd need help with off market deals or private lending, let me know