I agree that the numbers on multi-family units look much more appealing than they did a few years back, BUT there are areas to our east (hint hint) that have really taken a price beating and have much better ROI.

I find it very handy.Although the talk around "apples and grapes and oranges and bananas" has been interesting, my bullcrap meter says that not all expenses are included because it makes the deal look less appealing.

I was thinking about adding a 15 year balloon to my terms, in order to make the deal more appealing?

Most were his primary residences actually.I always was a good saver and had saved up a nice chunk of change at that point and the thought of buying and renting for long term positive cashflow was very appealing.

This would definitely help with the value and curb appeal.

As a side comment about the exterior of the property, while the owner is not directly responsible for it (covered by Association Dues), a downside is if the HOA decides to defer the maintenance of the exterior of the property which would limit curb appeal.

Also, couples that appear to be on and off but want to move in together are not very appealing.

I plan to make a few offers to the seller and see which one appeals to him.

I think the second option sounds the most appealing to me.

Thank you.Rental vs. vacation doesn't matter that much but I'll make sure the legwork is done for vacation rental so the choice looks that much more appealing.