“I live in University City and the house next door just came up for sale for $900,000. Do you think that would make a good rental?”
Maybe. While I do own one rental house, I’ve found that less expensive condos and houses, as well as 2-4 unit properties, make better investments.
However, since it’s next door, it would be very easy for you to manage. So if you’re willing to give up a little cashflow for the convenience, go for it.