I own 5 properties with a combined equity of approximately 1.5 million.

You could do a value-add multi family that combines these two strategies. 

Or ANY different combination.

A combination of both?

The bankruptcy gets combined, in a way, with the house debt and could create a short sale, foreclosure, or more.

If someone sues you and wins, they can only take the LLC that owns the property that was involved in the lawsuit.Best: Using a combination of LLC and land trust to protect your rental properties.

I've been able to get a healthy combination of both cashflow and appreciation from my properties after a little TLC.

Take into account elements including the property's state, the age of the HVAC, electrical, and plumbing systems, and any necessary cosmetic renovations to draw in renters.

The feedback was that combining the parcels allowed them to drop some city requirements regarding installing screening in front of the dumpsters, so it saved a small amount on construction cost.Interesting topic, but understand if you are just focusing on the deal itself for now.  :-)Sincerely Joe

Let me add my two cents, although I'm not necessarily a big fan of this type of comparison, actually for the exact reasons you mentioned: people have different tastes and opinions and both could work from a lifestyle and/or investment point of you so I wouldn't pin them against one another (and I'm not suggesting that's what you're doing).Foreigners who buy there do it for lifestyle, investment or a combination of the two.