Small towns may rely too much on a single business or market segment.

@Kylie GersteinAssisted living is a huge cash cow from what I understand - meaning I would think that market segment would be very interested in your property - especially as a rental. 

@Leah MillerTypically no - condo bylaws and zoning regulations typically do not allow to segment a units potential exists to possibly combine units (which can be cost prohibitive as you need board approval and potential building code issues) but I have never seen a condo building allow someone to subdivide a unit

The reason I was considering it, was for the segments on in house financing.

I'm interested in developing passive income with a specific target market segment and locations.Currently hold 6 properties in different states that I will be selling in the next 60 days so that I can implement my strategy.Please contact me to expand your network if interested-Val Taylor

Definitely agree, I would add a level of distinction though. housing can rise, but the total COL for TX is still lower than CA.

Given your situation, both flipping homes and purchasing rental properties have their merits, but they also come with distinct challenges.

It has a very distinct sound.

If these are legal separate dwellings, with their own addresses. then the city should also be able to install two distinct water meters with two separate accounts.You can try to guess who used how much, but you will never be correct, and one of the tenants will always complain. 

To me there is a distinct difference between the two.