Buy a fourplex, 2 duplexes or 4 single family homes?

[Tyler D.]

I'm looking to capitalize on a high-growth area by buying some properties. I have multiple choices and would like your help in deciding which to go after. I have only invested in SFH so far, so your advice on the differences in rents, maintenance costs etc will be appreciated.

4 Single Family Homes

Average price for a 3BR with garage will cost around $150-$170k.

Will rent for ~$1300 each.

A comfortable option that I know will give solid returns. I will need to get higher rate investment loans on 3/4 of the properties.

Fourplex, new construction

Will cost ~600k for a 4 unit where each unit has 3BR and a garage.

I imagine rents will be lower, possible higher turnover?

Big benefit in that I can owner-occupy and lock down a low interest rate for the entire building.

Possible upside in less maintenance on new construction, possible downside if construction is cheaply made.

2 Duplexes

Can be had for roughly $300k each.

No experience on this, but gut feeling is that 2 units will be easier to sell in the future, and command higher rents.

Seems like the worst option of the three.

Your thoughts?