It depends on what you are looking for. In general the larger the property (more units), the better the cash flow will be. Competition from owner occupants on single families and duplexes is the main reason. Single families can be easier to manage but wear and tear may be higher, since they attract more pets and larger families. Rents of $800-$850 are easily attainable. Sifting through prospects for good tenants is another matter. It is part art and part science. Even the most experienced landlord gets the occasional bad tenant. I owned 18 units myself at one time and in the past few years have had about 30 tenants in my listings. Most of them borderline acceptable. I've had plenty of neighbor complaints. With rates good and prices low and most other investments producing low returns, it's likely a good bet if you are in it for the long run.
Dan 414 688-8929