All Forum Posts by: Cory Mickler

I think you could easily rent out the entire house for 4k a month.

It is most likely that you would lose more money selling the house than if you hold out and get the correct permits. I know it shouldn't take more than 3 months to get the permits and have the the kitchen rebuilt. If done efficiently, you could have 2 units ready to rent by the end of the month.

You have a nice piece of property at nearly 2,500 sq. feet and the rent would be very commendable considering that you own a 4 bedroom unit.

In my opinion an apartment is easier to maintain and has higher profit margins but is also more of a risk while a multi-property home such as a duplex requires more work to maintain for less profit. but if you live in one unit and rent the other unit out you can make a slight profit without much effort.

Also, your more guaranteed to have renters when you have 12 units available as opposed to 2 units since you have more space available so even if some one leaves it doesn't put as much of a dent in your income.

I am new to real estate so any input is greatly appreciated!