I don’t want to live in a big apartment complex, but I don’t know how to find a little guest house or duplex (or some other small property) for rent. Where does one find this resource?
I would like to look into purchasing a small apartment complex (8-15 units) and live in one of the units while the remaining units are offered for rent. Would the apartment complex be categorized as being a commercial or residential real estate property? When trying to obtain an agent should I approach a commercial or residential real estate agent?
Thank you in advance for your help!
I’m thinking about buying a small apartment complex. The income would be around $300,000 a year after property taxes. I know I would have to pay property taxes, but would the government also tax the $300,000 income?