[PocketElevens]

Thank you everyone for the feedback, I find this really helpful.

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you make your money off the appreciation. go single family. i hate the duplex i own. i havent raised the rent on the duplex in 3 years and it's worth the same amt. the single family barely covered costs when i first bought it. now i cash flow more than the duplex on it after 2 years and it's appreciated beyond what i had hoped.


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This is kind of what I was thinking. I also like the advantage of dealing/chosing 1 tenent. Also the rent is high enough to filter out most of the undesirable tenents.

My friends family for what ever reason rented thier house for about 10 years. They where a decent family and treated the house as thier own. I think nice family with a good credit rating is what to look for.

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i'm an out of state landlord. i let a management company look after everything for me. i have lost, on average, $72 per month since handing the property over to a rental company.

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Thats doesnt sound too bad. If managing a property took 4 hours a month of my time, Im much better off working 4 hours of overtime for $200 and paying a company $72 to take care of the property.


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If you are starting with a small building, I think it is extremely important that you are very close to the property and that you make a number one priority of having good tenants with jobs and good credit

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Yes I have heard this. The last appartment I lived in the landlord payed $70 for a credit check on me. He told me that hes never had a problem with anyone with a great credit rating. Somthing I plan on doing for sure.


Thanks for the feedback this is very helpful, If anyone else has rental experience I'd love to hear about it.