Posted by Brian on May 25, 2005 at 15:33:16:
If cash flow is your goal I would suggest looking elsewhere. I have found that multi family units cash flow generally much better than SFH’s. For example: I sold a SFH in 18 months ago and put 50% of the equity in a 4 unit in Scottsdale. Cost was $300,000 with a monthly income of $2600. Even with current appreciation that property could be had for $375,000. Why pay $525,000 for a property that produces only $3000/mo.