I have been house hunting quite a bit in the past few weeks (mainly because mine flooded before the Atlanta forum, and it's been torn up this whole time in some way, shape, or form) and I have noticed a lot of low cost houses on the market, among others.
I'll cut to the chase here in a second.
Where I live, they have some 2-3 bedroom, 1-2 bathroom, 900-1400 (avg 1200) sq foot houses for sale. Especially in the town just south of me. So it had got me thinking...
If you were to buy rental property. Would you spend $100,000.00 on a 2-4 unit building. Or buy 2 of these 1200 sq foot small houses, fix em up, and rent them?
While some are completely destroyed. There are others that need some appliances, paint, and minor shit. Those are mainly what I am looking at. Not complete rehabs.
Experience? Suggestions? How did YOU get started?
