Investment Info:Small multi-family (2-4 units) buy & hold investment.

My recommendation would be this "property type" for a 2-4 unit if there is inventory in your market.

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

The property consists of 202 units.

So this reason I rented the unit.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Hello AllI have a opportunity to purchase a 3 unit rental property. how should I structure the offer and what should be required in it.Does the seller provide a fee and clear Title with Title insurance, should the seller be required to evict the tenants before I purchase, what verifications or contingencies should i include. etc......ThanksJeff

Final bit of advice: if you can, steer clear of house hacking and multi-unit. 

We profit about $1200 a month from both units.

But then they can raise the rent just $10 per unit per month and create another $600,000 in value across both theirs and the ones we sold.