I started my REI business not quite a year ago with full intention of Flipping properties and years down the road transition into the BH space (not unlike many folks out there). However, an opportunity has presented itself that would appear to jump start my BH strategy much sooner then anticipated. I live in a very small community in South Eastern Washington State that I would have liked to invest in for my Flipping business but there just isn't a market in the way of resell for homes. However, the rental market is extremely solid.

A large business is going to be breaking ground on a new plant/facility within the community and will boost the already good BH market as well as it might initially when the employee's for the said plant start to move to the area will need housing to buy as well strengthening the potential for an occasional Flip as well!

I have found an off market deal that seems to be pretty solid.  However, I am not a BH guy.  The house is a 3/2 approximately 1400 sqft (older home with a few nice updates; vinyl windows, new HVAC) but here is the kicker it also comes with a mother-in-law suite in the back.  That home is a 1/1 600 sqft and is self-contained offering one the ability to not only rent the larger home but the smaller one as well.  I have checked with two different PM companies in the area and they confirmed the rental market strength as well as gave me a ball park figure as to what both would rent for.  The large one should rent for $850-$1100 and the small one $400-$600.

Since the houses are on the same lot the home owner is basically selling them both for the price of one.  She wants $85,000 for both.  So finally to the question!  Does anyone out there recommend buying a property with an additional small house on the same lot?  Clearly, I recognize that this makes it attractive from an additional cash flow perspective.  But is it hard to rent two homes on the same lot?  I know this sounds like a simple question and I understand you can do it but is it a weird situation to have two folks sharing the same yard and driveway but completely separate houses!?

Like I said, I am a Flipper, I am assuming you BH investors are probably thinking WHAT AN IDIOT of course this opportunity is better as it is a 2 for 1 but once again I have never done the BH thing before. So what do you think? Thanks for your advice ahead of time. Here is to wishing you all a successful 2017 in your REI ventures!