2 bed 1 bath or 3 bed 1 bath?

[Michael Lewis]

Hey BP community. I am looking at picking up a 3rd rental. I’m deciding between a 2 bed 1 bath or 3 bed 1 bath. Both are in the same neighborhood and the #’s work out to be almost the same based on purch price and rent estimate. My concern however is that I believe a 2 bedroom takes a specific kind of renter and probably not great for a family. This might mean longer vacancies as it may take longer to rent. My goal has always been to buy and hold. Any ideas/thoughts?

[Account Closed]

Originally posted by @Michael Lewis:

There is a substantial difference in price 

 Your comment: "Both are in the same neighborhood and the #’s work out to be almost the same based on purch price and rent estimate." Was unclear. We'd have to have the numbers.

I would be inclined to spread out my investments if possible, but 2 bed 1 bath in most markets is not the way to go. I don't know your specific market though. If they take the same amount of time to rent, I'd do (two) 2 bed 1 bath if I could vs (one) 3 bed 1 bath.