I would consider a duplex so that he can learn how to manage tenants in the other unit.

Valuation for Property Management 3X to 5X Seller Discretionary Earnings or 1X to 1.5X Annual Revenue, depending on how well established the brand and reputation is in the market, market share, number of units, scalability, etc...Transaction Structure, never buy a Property Management business for cash,  you must include an earn-out structure or provision to protect the purchase against clients/property owners leaving post-transaction.  

Investment Info:Large multi-family (5+ units) buy & hold investment.

It makes qualifying for a larger home price easier since you can use 75% of the rents of each door/unit to qualify towards income.

We're all about providing top-notch service and ensuring that your investment properties are not just assets, but thriving ventures.What sets me apart is my extensive network spanning across the United States.

Obviously if it was more than like an 8 unit building it might be best to hire a management company.

We used Dormkaba e-Plex on our 24-unit apartment for exterior doors and never had a problem.  

Depending on the loan amount, LTV, your FICO, length of PPP, etc I'd guess that you'd end up in the high 7s - low/mid 8s for a 3-unit property.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

Another property-12 unit apartment bought for cash off the MLS in 2017.