1 bedroom vs. efficiency apartment

[Ryan B.]

I would like to know everyone's thoughts in regards to 1 bedroom apartments vs. efficiency apartments.

Here is the deal:

There are a large number of rental properties that I have been looking at that were actually houses built 40, 50, 60 years ago, that have now been split into two different apartments (one apt upstairs and one on the main floor). Most of these conversions seem to have a 2 bedroom apt. and then either a 1 bedroom apt. or efficiency apt on the second floor.

The good thing is, usually either way it is split, I would be able to get them to coincide with the 50% rule.

I would like to know what your experiences are with efficiency apts. I do know that I would probably get approx. $75 more a month for the 1br compared to the efficiency. Of course, more money is always better. Has anyone ever had more problems renting an efficiency apt. compared to a 1br?

Thanks