If you have steady income, reserves and a strong foundation it wouldn't be bad for appreciation.

Over the years, I've built strong systems to keep projects on time and within budget.

Keeping them separate is for better bookkeeping, managing the numbers, and when you sell or refinance.The disadvantage is that it will cost you more to have separate LLCs, and it may be more of your time to track.But if the goal is to buy more properties, build the foundation correctly.

We have experience with 2 family stick built but log home improvements are new to us. 

Purchase price: $588,000 Technically a duplex but its a single family home with an ADU built into the home using the space above the garage as the ADU living space.

In Cleveland they cash flow well and you can build a foundation of knowledge this way and a base you can expand upon in the future if desired. 

A building built in 1960 might be better maintained and have less issues than one built in 2000.

@Carini Rochester The code seems clear(ish) but I've built many types of structures including apartments/dormitories/hospital and have never had to fire rate the exterior walls (unless they were within 5' of lot line).  

I paid 5k to add another water meter to my duplex was being built in Brownville , TX.

It's a long story but we ended up aggressively investing in Detroit real estate, built a 12-door portfolio, and then moved back.