Posted by Tom on December 26, 1998 at 09:23:47:
I had the same problem when I got started. Being new to the game I wanted to keep things as simple as I could so I only looked at single units for a long time.
I looked at one apartment ( 4-plex) and ended up getting it cause it was the only thing I looked at that the owner was willing to finance.
Another good point for multy units is vacancy. If one moves out I’ve still got 3 others paying. But I’ve also got 4 toilets, 4 stoves etc. that I have to take care of.
More headachs but more money too.
Since this is your first one I’d look at everything I could. You’ll learn alot just by looking.