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Priorities buying a multi-family property

I’m looking to buy a two or three family property in urban upstate NY. I plan to live in one unit and rent out the rest.

My budget isn’t huge, so the stuff that I can afford is usually either in a less than ideal neighborhood, or in less than ideal condition.

Should I be prioritizing one of these two things over the other?

By “less than ideal condition” I’m talking more aesthetic stuff (cheap kitchen, bad molding) , rather than major stuff like a bad roof or something.

One costs money to fix, and the other costs opportunity cost in rental prices.

Is there a reliable way to determine if a neighborhood is on the upswing?

submitted by /u/DerelictUsername
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source https://www.reddit.com/r/RealEstate/comments/z1zjrk/priorities_buying_a_multifamily_property/
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