Are there any major profits/benefits in buying a rental property vs. renting out part of your own ho

Tips and Deals Forums Buying Your Home Buying Your Home Are there any major profits/benefits in buying a rental property vs. renting out part of your own ho

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      Anonymous
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      I am a PhD candidate in my first semester.

      SCENERIO #1: I noticed this 2 family rental property for sale at $ 148K right accross the street from the school. I’ve currently renting an apartment and felt that I would purchase this place and try to make some money so that I won’t have to work while going to school. I would also move into the basement of this place.

      SCENERIO #2: I would buy a private home and rent out a portion of it to students on a room for rent basis

      I am single and don’t want any trouble or majoy responsibility. I also feel that either scenerio would pay for itself even when I move on because there will always be students looking for a place to live.

      Based on your experience, which scenerio would you recommend?

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