Need help with ROISingle FamilyPurchase Price - 260kTaxes - $10kRennovations - $30kRent - $4k/monthARV - $400kIf I convert it to multi family - 4 unitsPurchase Price - $260kTaxes - $10kRennovations - $110kRent - $5k/monthARV - $500kPlease advise what will be the best option to move forward.Thanks

If you can live for free and only pay utilities AND buy an investment property, that would be ideal in terms of savings and cash flow.If you can't stay and your parents want to make some money on that property, then yes, house hacking would be your best option especially since you don't want the best place in the multi.

You want the fast-track for finding whos-who, call everyone.

They both work slightly differently, but are similar enough that a call to the tenants rep usually can get you on the right track to making sure you follow all of the guidelines.

One client came in hot looking for a multi-unit in Phoenix - they wanted to roll over gains, keep taxes deferred, and jump into a hotter market.

Good luck Mat,There are certainly a lot of good options for cash flowing multi-unit buildings in Pittsburgh.

Hi Orchid,Have you looked into multi-families in the area?

We can track all the values on Coinmarketcap if anyone else is wondering.  

I specialize in Multi-Family and Single Family Residential Development as well as Commercial and Flex Space.

I think renting out a single family can be a viable option for some people as long as they understand it's not going to cashflow like a multi.