First Rental Property: Cheap SFR, Mid SFR or Cheap Condo?
From my other post I know I am going to be told that I should leverage. And while I am not taking that completely off the table, for our first investment property I think my wife would be a lot more comfortable in not taking out another loan. And I think I'd sleep better at night too. Maybe once we get one under our belt then we can feel better (and use this one to support a leveraged one).
So question is... for a first "getting feet wet" property... would we be better off going for a 40-60K Apartment/Condo, a 60K-100K SFR or a nicer 100-150K SFR?
I am not handy at all (software engineer: great at building software suck at anything physical) so I think I should probably utilize a rental management company.
Thanks again for your kindness and patience with a rookie just trying to soak up any of your knowledge I can to become a seasoned vet in a few years!