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Updated over 6 years ago,
Can single family house cashflow more than a multifamily?
So I'm just figuring out that single families has potential to cash flow more if not equal to multi families. I always thought multi families were a go to because each year rents raise which also means each unit pays perhaps a additional 50 every year.
What is the pros and cons of single family to multi family? What do investors prefer when starting out (Especially out of state investing since I live in New York).
I am seeking a high cash flowing property with minimum 12% ROI and 9% of cash flow. Is that a possible number to look for when investing in townhouses/condos in let's say Florida?
Thanks!