All Forum Posts by: Justin A Edmonds

This is totally up to your goals, skills, and limitations.  If you have a million in cash you might look at an apartment complex.  If you have $10k you would probably look at saving up more cash.

Fellow DE investor here. I like to stay local and self manage, so all my properties are within 20 minutes drive from my house, most are actually within walking distance. 3-4 bedrooms seem to be more in demand than 1-2 bedrooms. I stay away from condos, and I stay away from areas where I would not be comfortable living myself. So, to rank them best to worst:

1) 3-4 bedroom property in your neighborhood you can buy in distressed shape and fix up yourself

2) 3-4 bedroom property in a decent neighborhood within 20 min drive, or 2 bedroom close to you 

3) 2 bedroom in a decent neighborhood within 20 min drive

4) Condo

5) Property in a high-crime area where you would not want to live, or drive to do maintenance/collect rent

If you plan to use property managers to deal with the tenants and contractors for the work, the situation will be different. This is the ranking for my business model.

I guess I don’t understand what you’re trying to do