🏘️ 10 HOUSES OR 🏬1 STRIP MALL?
You have $2M to deploy.
Door 1: 10 houses. $200K each, $1,800 a month rent each. $216K a year gross. But 10 tenants, 10 roofs, 10 sets of problems.
Door 2: 1 strip mall. $2M at an 8% cap rate. $160K a year net. One roof. Tenants pay the taxes, insurance, and maintenance.
Higher gross with more headaches, or lower gross with less work?
Which would you pick and why?
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