Nothing is a sure thing at this point. I won’t buy outside of the county.
I like SFR’s because rehabbing/adding on and trying to optimize cash flow is something I like to do.Incidental third parties that come with condos are a worry, and I don’t see the sweat equity potential as much, but it is not out of the question. They could certainly be easier to get going both on initial cost, work and maintenance than detached fixers.
I am thinking about one of these scenarios or a combination of them:
1) The next most likely step will be a condo or fixer house with an eye towards renting them out for 15-20 years and then either,letting my kids use it, have it, or buy it from me… or moving into at some distant future time.
2) Also might buy a house closer to town to live in sooner rather than later and rent one of the houses here in the boonies out and keep the smaller one for part-time living.
3)Maybe go in with a partner and build a small collection of rehabs, then hold and split it some years in the future.
