Posted by Ronald * Starr(in No CA) on August 12, 2003 at 12:41:33:
I suspect that you will get different opinions depending upon people’s personal experience.
If you are going to resell soon, then no, don’t do a 1/1 unless you can add on to make it more like the norm in the neighborhood. Except, if this is a very desirable neighborhood where a single person or couple would love to live if they could get a low-enough-priced house.
If you are want to rent it out, check the price and the rents. If you can make what you consider a good cash flow, go for it. Unless you have some other deals that are even better, in which case don’t diffuse your energy on a less than attractive property such as this one.
Good InvestingRon Starr*