If purely residential, creative use strategies and layouts can really help boost yields and the resulting quality of the product.

As an aspiring real estate investor with a background in financial marketing and mortgage insurance, I bring a unique blend of skills to the table.

We received recommendations for the lender, insurance, and property management, and the team worked efficiently to close the deal on time.

That said, we don't need to be next to family but being somewhat close by has advantages so those places are favored somewhat.The strategy is to buy, househack a value-add multifamily for 2 years then rinse and repeat until we can build up enough capital to either start developing, move to larger multifamily or the wife wants to start a senior care facility. 

Also your insurance expense will be higher due to the structure's age.  

Developers and construction companies have adapted their strategies (Build for Rent), embracing innovation (light gauge steel construction) and diversification (new product types) to meet changing consumer needs and market demands.

Also, there is more volatility in the rental strategy.

He carries a $2 million umbrella insurance policy, but the truth is that he has never been sued.My properties are in LLCs held under a trust.

With this last round of insurance increases we are paying almost $50 per month per apartment.

It really depends on the strategy.