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Updated almost 5 years ago,
Should I expand my search from 2-4 units to single family?
I've been looking for my first investment property for 4-5 months now. I've put in a few offers, but been unsuccessful so far. I have been looking for 2-4 unit properties for the same reason everyone is, but mainly for me is the security of multiple rent checks coming in. I just got outbid on a triplex, and I'm getting discouraged. I'm considering looking for single family just to get started, as I know that's an important part of getting started (you know, actually getting started). All of that said, I'm starting to feel like building a portfolio of 3-4 single family homes is similar to having a 2-4 unit property. What are everyone's thoughts on this?
I'm in St. Petersburg, FL, looking in the St. Pete, Tampa, Clearwater, FL area; looking to BRRRR.