Updated about 7 years ago on . Most recent reply
Convert back to SFH or leave duplex (small town)
Just bought a duplex (SFH previously converted to a duplex) in a small town (New Castle, IN, about 40 minutes east of Indianapolis). Needs total rehab regardless. Question is, what would be easier to rent and manage in a small town like this? Rent for 2/1 duplex would be around $400 per unit, and as a 4/2 SFH probably $650 range. This street has 1 4-plex fully rented but all the other homes are SFH. Eventually this will be a long distance investment because I plan to move out of state in 5 years. Rehab would be cheaper and easier as SFH. I am leaning towards SFH, but I would like to hear some opinions as to why a duplex would be better (other then the $150 increase in rent as a duplex). Thank you all!
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You bought an income property to make money right? Choose the option that makes the most money.