I believe the multiunit property will be more labor intensive, especially since I'll be living there, but I also expect to have a better cash flow.

The competition, specially for flips, is pretty intense.

Just remember will be more management intensive if students, etc.

Moving tenants around is very management intensive and comes with it's challenges.  

It is overpriced but 1M an acre would not be bad for high intensity.

Looking for advice on offer/max price.Also looking for what I missed in calculations.First the hard part:This property is in rural TN in a town of about 20k population.Current owner has been renting to local college for basketball players/coaches (both boys and girls teams have used it).  

This will be the most time intensive step as you will have to do this for multiple markets before deciding on your top 3-5 before moving onto step 2.Contact Local Professionals: The second step is to talk with local experts, namely real estate agents.

I would imagine any investment there would require intense property management.  

Profit margins are generally higher but they are extremely management intensive.

I own a brick three flat and am in the process of purchasing a frame property and my insurance broker told me the exact same thing.The issue I have with the brick building is that one of the factors in insuring properties and determining insurance premiums is the replacement cost, which are abnormally high for brick buildings because they're so labor intensive.