I recently graduate from college and thinking about purchasing my first real estate property. At first I was looking at single-family homes and town homes, but now I am thinking that a multi unit might be a better investment. I am making around $ 60K and looking at possible investment. My mind-set is that with a multi unit I can live on one of the apartment and rent out the rest to tents. Bases on my calculation and the kind of property I buy (condition and location) I can have zero percent vacancy within a short period and the income would cover all my expenses, and I would be pretty much be living there for free take home any additional income. Thanks a lot for your inputs in advance.
The only cons I have thought of are maintenance cost . Unplanned, emergency maintenance cost is my only worry, because if something major happens to the building, then I might not have the huge amount of money to repair. I appreciate all the inputs I can get