Town homes vs single family vs multi family homes in minneapolis

[Alex Winder]

Hello fellow REI just asking opinions of members regarding the pluses and minuses for a first rental property. I have been able to save around 25k cash in the bank with no debt to my name and minimal life expenses (living with my parents saving money hand over fist). I live in the Minneapolis Minnesota market and have been looking at different properties for a while now. Something I have found in the suburbs is that most town homes have rather expensive association fees required when purchasing town homes and that sometimes don't allow rental properties in certain associations. Plus town homes don't generally appreciate as much as single family homes. Single family homes in the suburbs are normally more expensive than in the minneapolis st paul area. And minneapolis st paul area commonly have more duplexes or multi family homes. Just wondering pluses and minuses of each and what would be a smart beginning type of property for my first rental property. Also any advice you would recommend for someone looking to get into the REI market.