The amount of rent difference for me is not significantly different between the two as long as they have the same number of bedrooms.

If so did you raise the rent?

Current total monthly rent is $2675.

I am wanting to purchase a vacation home, and also rent it out when we are not there.

It rented out at $2,100/mo as of Dec 2023. 

It's why I like renting B-class stuff. 

Commercial requires the property to be livable (not subject to), usually a 95% to 100% occupancy ratio, DSCR (rents) at 1.25% or higher, PFS, Strong assets, 12-18 months reserves, Fico above 700, I have seen lower but rate will be higher and in most cases cause the DSCR ratio to be under 1.25%.If you own a primary you might be able to use an SBA type program but those are not great.

Would love any thoughts from you all about areas to try and buy or rent in.

Expect total cost to be ~350K per duplex and bring in 3-3.2K/month rent.

Our plan was to rehab the house and rent it out.Here’s the background:My husband worked tirelessly, often putting in 14-hour days both at his regular job and on the property.