Which property would you choose

[James Bitakis]

I am looking at a 4-unit in Kankakee, IL. or an 8-unit in East Chicago, IN.  

79K for the 4 unit

225K for the 8 unit.  

As this will be my first multi-unit building, should I invest in the cheaper one?  I live about 1 hour from each property, so I will be using a more local management company, but with checks and balances to go through me (I want to see a prospective tenant's information; I also want to see repair estimates before any work is done).

Both buildings have had some remodeling done to them.  The 8 unit is 5 3-bedroom, 2 2-bedroom, and 1 1-bedroom).  It has good cash flow.

The 4 unit is all 1 bedroom apts. in a good rental area.

Both are in class C neighborhoods.

James