You can buy fixer uppers and have real equity once repairs are complete.

It's a "fixer upper", so price it as such and sell for what you can get if you're unwilling to repair it yourself.

@Aaron Klatt I think he was telling me that he would not do it as a fix-upper ( flIP afTER rehab)He was not thinking of wholesaling it, if I was not mistaken.

I just was hoping for something more in the mid to upper 4s range given that I got 4.35% on my last rental property.

Am I looking for fixer-uppers?

The upper unit was rented before it warmed up.

I will trade you a 1% multi lead for a couple smaller fixer-upper leads.

And upper floor plumbing leak should be somewhat obvious.

We are struggling with whether or not we should purchase a multi-family property and live in one unit and rent out the other or purchase a fixer upper for around $20,000, fix it up, and resell it.

Rent out the upper floors to a single family if you want to live headache free.