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For long term rentals, The most important decision should be before buying is the property cash flowing after all expenses and taxes. If your not making something on the property then it’s not a good buy unless you see an opportunity to flip the property because it was undervalued. Cash on cash metric is probably one of the most important metric in real estate investments.
As far as Airbnb, I wouldn’t touch that with a ten foot pole. To much liability and vacancy issues. Try to get a long term tenant.
Condo or house? I like multi unit 3-4. But again this all depends on area and where you are looking to buy. Scope out the market and do your research.
Good luck & happy new year.
Watch Adam ruins everything episode on housing available in Netflix. Real estate has the lowest appreciation and if at all you want rental income buy an apartment in a busy downtown to increase rental income prospect. Air BnB is way too complicated, long term rentals are better.