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Updated over 7 years ago,
Duplex with 1 bedroom / 1 bathroom per side. Good / Bad idea?
Hi BP family!
After having my first deal fall through because of a suspicious HOA with multiple lawsuits against them (Discrimination, etc), I have decided to change my strategy for what I am looking for in my first property. That being said, I am abandoning the single family homes for now and looking into multi-families. I am starting to check out Duplexes / Triplexes in the south jersey area (specifically Collingswood) for an opportunity to house-hack. My girlfriend @Antonina Cappello & I plan to live in one side and rent out the other.
We just missed an awesome opportunity on a duplex because I didn't act fast enough. The reasoning was this: each side only had one bedroom and bathroom, and I got scared that in the long term this could stop it from renting consistently.
My question is this: is this a rational concern or generally do 1 bedroom / 1 bathroom units rent as well as other units?
Thanks everyone!
Tyler