Which property should I buy?

[Dianne Pettitt]

I have a rare chance to buy a duplex in my area of the county. It is priced at $17,000 over assessment. It is rented for $825 (2bdrm) and $850 (3bdrm). It needs some work & I might get it for $5000 under asking.

The other option is a 4 bdrm 2.5 bath SF short sale offered for $36,300 below assessment. It needs $10,000 - $12,000 work. First idea is to flip, but could rent it for $10500 + per month. What is the best investment?

I have owned one 4 /2.5 SF for 10 years and currently am flipping a SF 4/2.5.

Please advise!

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