Lets hear the pros and cons of owning single family homes versus apartments.

Good afternoon everyone,My dilemma: Contemplating Purchasing first 2-family home. 3br lower 2br upper Pros: - Location, in the heart of town- Tenant paying $1500 for 3br and wants to stay (been there four years)- Water heaters, Furnaces newer with separate meters for each unit- Natural Gas - 2 Car garage - Corner Lot- .24 acres- Based in rentometer.com 3br rent for $1700 on average and 2br $1550 on average for its location- 3BR has one and half baths- Laundry hookups both units - FHA Loan, less down payment- Owner occupied (id live on the top floor while renovating)- Foundation is solidCons:- 2BR needs a complete renovation to the studs- 3BR needs renovation but nothing right away (tenant is happy as of now)- Leak from fireplace/roof which is ongoing- Taxes are $4500- Price listed at 360k- Comps have sold around 330k, but don't have the garage or location- No cash flow until I were to be done renovating and buy another- Some plumbing neededI got a CAP Rate at around 8.5% with it being sold at 360.

I'm sure you've heard plenty of discussion on the pros/cons of turn-key companies.

@Jim EtheridgeI agree with both people above, both the Roth IRA and a self-directed 401(k) has pros and cons. 

If you had to put 25% down you mind as well go conventional.This basically tells me your lender has not done a very good job of walking you through the pros and cons of each option.

Big dollar (income) returns and returns with many schedules (particularly Schedules C and E) are audit flags, so many pros will charge a premium for these types of returns due to the exposure, even if there's not much to report.Many will say that you get what you pay for, so be wary of a tax pro who would only charge a couple hundred dollars for something like this.

I'd like to partner with other pros or begin working as a project manager.

I get what your saying, Im probably searching more for the actual pros and cons on the structuring of this deal or a similar one when Im ready to pull the trigger.

pros/consyes, no annual fees, high percent cash back. my friends that travel lots, have 1 with annual fee, but say they have free checked bags and no international exchange fees. another friend has a homedpt card, and they get deals in the mail, they are there a few times a month.i have 3, i max out the cash backs

This is not intended to be legal advice, you should contact an attorney and speak with the pros and cons with a local broker.