Bunting to get on base

[Kevin Paglia]

I am back to a conflict of strategies.  Cheap townhomes/condos vs quadplexes.  In my area I could buy 4-5 townhouses for the same cost of a single quadplex.  The lower end townhomes would be a bunt to get on base (for those who like baseball analogies.) a slow and steady income.  The quad plex is swinging for a double (apartment complex would be a homerun).

Have any of you done townhouses/condos as a strategy? I heard a podcast a while ago and the guy had focused exclusively on them, nickle and dimed his way into financial independence.  I have to admit there is an appeal to real estate spread out.

IF I did go with townhouses, part of my strategy would be to try and buy the neighboring units as well over time. 

[Bill F.]

@Kevin Paglia 

I think you have the concept of a double, single, home run twisted. A home run has nothing to do with size, but return. If I have a 500 unit apartment building with an overall return of 4% and a condo with one of 24%, the condo is the home run. 

Lets talk turkey, what are the returns on the 4 plex and condos?