The ability to see the major issues before you buy is key especially when buying dilapidated early 1900's homes.

I am still personally buying rentals but I am not expecting much in the way of cash flow at the moment.

If you buy a hot water heater for the other unit, you can write off 100% because you have no personal use of that hot water heater. etc.

Quote from @Jaycee Greene: Quote from @Jeffrey Eschbach: Investment Info:Small multi-family (2-4 units) buy & hold investment.

Hi Jonathan, what is your buying criteria in GA and what counties are you looking to purchase in?

I would like to buy a multi-family and convert into micro units to maximize revenue.

I assume you are asking about buying the property itself.

for me  a handful since early 80s  now in those days I was ONLY buying land that had owner contracts on them. 

I’m weighing two options for our housing situation and would greatly appreciate your advice, given the complexities involved.1.Renovate and Buy Another Property•Invest to renovate our current home adding a bedroom to the house given our family outgrew the house.

I would sell it and use that money to either buy a rental property or invest elsewhere.