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Updated over 10 years ago,
High end rentals
I'm looking at a condo @140k to purchase and rent. I realize that if I put this on a 15yr note my return will be mostly principle down payment but still a 20% return on investment. Although I can purchase a 4 unit for nearly the same price I believe the tenant will be less likely to tear up the place and pay rent. Does anyone have opinion/advice on their experience in owning a condo versus a multi-unit building?