My husband and I are undecided whether Single or Multiplex Homes

[Gladys Villa]

Hi all! I am new to this community and I'm so excited to learn a lot of things! My husband and I will be ready to buy a home in the next 6 months, but we decided that we want an investment property instead. However, since we don't have any experience in rentals, we don't know if we should buy a single home and get it rented out or buy a multiplex. I feel like if we buy a multiplex, it becomes too risky with a lot of maintenance and possible vacancies. On the other hand, if the single home doesn't get rented out, we can just move in there too! 

What are the things you should consider in buying your first home rental property? Thanks for all your answers! 

[Jake Forehand]

Quote from @Gladys Villa:

Hi all! I am new to this community and I'm so excited to learn a lot of things! My husband and I will be ready to buy a home in the next 6 months, but we decided that we want an investment property instead. However, since we don't have any experience in rentals, we don't know if we should buy a single home and get it rented out or buy a multiplex. I feel like if we buy a multiplex, it becomes too risky with a lot of maintenance and possible vacancies. On the other hand, if the single home doesn't get rented out, we can just move in there too! 

What are the things you should consider in buying your first home rental property? Thanks for all your answers! 

Have you considered house hacking?