Also, multi families tend to be more attractive for income-oriented investors rather than the capital gains-oriented SFH investing.

They fail to maintain the property because they live far away and didn't want to own rental property in the first place, it no longer attracts desirable tenants because of it's rundown state, and the long-distance landlord eventually lets the property go back to the bank so they don't have to worry about it any longer.

Hi John, I definitely think 2-1 will attract more tenants and they will stay longer.

Then drive during rush hour and go to pro games or any event that attracts a 40 plus crowd.

I personally would never in a million years want to wholesale no matter how profitable it is.

While i'm particularly focused on the North Jersey market (thanks @Daren Sager), I couldn't help but notice how much more attractive properties seem in the South Jersey/Philly neighboring areas (i.e.

Our nets were amazing becasue we had cash flow, appreciation AND principle pay down all for very little work.Personally I love going into a place that I can leverage my money and than have my tenant pay off for very little down.I LOVE leverage but hey were are 1.3 million dollars in debt.

I'll possibly be buying a new personal residence in the next year and look to rent out my current home and I do expect the lack of rental history on this property (despite having my other rentals) to negatively impact what a bank will approve me for, fortunately I'm not trying buy a million dollar house so I expect I'll still be okay.

You might get lucky and they may leave.You will attract a higher quality tenant if you avoid section 8 by setting your screening standards higher.

It may need updating or something else about it might not have the appeal to attract buyers in the current market, even (especially) for a high-end property.My $0.02 ...