“why it would make sense as owner occupied, when it wouldn’t as a rental”
an owner will pay a premium for a nice place to live but most tenants are choosing a place based on affordability as the first priority with “niceness” being a lower priority
when I was buying my rental properties I only bought units that I would live in myself – in hindsight, there is probably more money to be made as a landlord by renting low end units that I wouldn’t live in on a dare
some people classify rental units into three categories: A, B and C – an A property is considered a trophy property – something you can brag to your friends about – a B property is considered bread and butter – decent property, decent location but nothing exceptional – a C property is the lowest rung on the ladder – some people would call it slum-lording at the C level
I bought B properties but think there might be more money to be made in C properties – I would never deal with C level tenants personally – if I were going to buy C level units I would have them managed by someone else
