Just started my third book that was recommended through this site "Rental houses for the successful small investor". I did notice it was written in 1999 so I'll take parts of it with a grain of salt but expect the overall concepts to work.

Are there types of rental properties that are more desirable than others?

The area where I'm looking in Massachusetts has expensive SFH's so they don't seem desirable since the rent/cost ratio isn't reasonable.

There's three story homes that with some cosmetic needs are selling for 120k-150k putting the cost per unit around 50k (be conservative) and rents between 850-1100.

I located a 1 bd/1ba condo that's in a complex which is selling for 29k. Other than some fresh paint, carpet cleaning and probably small cosmetics the price seems great... and it's walking distance to a reputable college... my guess would be 800/mo for rent.

Where I'm going with this post is.... there's different avenues... The triplex has a lower rate of return on investment BUT being that the price is more you can build more equity and a larger house price for appreciation (though I know you shouldn't count on appreciation)... the 29k condo could be paid off real fast and then the place is not building equity...but is strictly a cash flow property... honestly both sound great to me

Just curious? I'm still in the learning stage.. trying to learn and take in as much as possible. I'll be moving to Massachusetts in about two months and want to hit the ground running at that time... Thanks for reading..

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