I am currently deciding between purchasing a duplex, or two single family rental properties. Typically I’d always go duplex, but in this case, the duplex needs severe renovations. it’s about 70 years old, has aluminum wiring and all cast iron plumbing. Because of this, insurance is through the roof and I’ve only found one insurer that would cover the property after working with multiple brokers. The total up front costs (down payment, renovation, insurance, & closing) are almost equal. The two single family homes are more expensive, and would also require some up front renovations but nothing too crazy. All in all, what would you prefer? The duplex would require about $125K between down payment, closing costs, renovations, & insurance. The 2 single family homes would require $140K for the same. Net monthly cashflow post renovations is a bit better for the duplexes. Property appreciation, liquidity, and tenant quality is better on the single families.…