Cash-flow, though possible, is generally not something you'd benefit from here (unless you do it via illegal vacation rental).That said, I would definitely buy a small condo (studio or 1-bed) for myself here, as I'd rather pay myself rather than a landlord, and IF you feel confident enough in doing out-of-state investing, leverage your remaining funds to purchase 1-2 properties that cash-flow elsewhere.If instead you'd rather keep it local, I'd use your available funds to purchase 2 condos, one for yourself and one as an investment.

Plant 51 features a modern combination of living spaces and outdoor ambiance that bring together stunning architecture and unique style. 2 bedroom , 2bathrooms . 1400 Sq Ft What made you interested in investing in this type of deal?

I just had a pipe break in a condo slab that ruined $3k worth of floors and baseboards.  

Multifamilies are different, but look for units with 2+ bedrooms and each unit is on its own meter, so the tenants pay for utilities.

I would be most interested in condo development (2-4 bedrooms) in good school districts.

Bristol is a busy medium sized bedroom community, which has it's share of pros and cons.

@Zachary Schimenz this will vary greatly on the size of the house, number of bedrooms and baths, level of finishes in the house, overall condition.

Folks, I am looking for a rental property investment and came across this deal for a condo/townhome.

If your budget is $830K, then you can expect to build 1,000 sq ft units (small 2-bedroom units).

Purchase price: $75,900 Cash invested: $15,180 Sale price: $129,500 This was a condo I rented for two years.