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Updated almost 11 years ago,
Dual living rental property. Good idea or death trap.
Hi all, I've had a few investment properties that were already set up for dual living pop up but have passed on them until I learn more. The one I liked the best was a 4/3 having a 3/2 upstairs and a 1/1 down in seperat finished basement. I like the idea of one mortage two rents.
So here are a few questions
1. How do you do utilities?
2. More less chance of tenants driving each other crazy than in a duplex?
3. Any tax benifits?
4. Any advice or words of caution would be greatly appreciated.
5. I'm calling this dual living is there another name for this kind of prop
Thank you