tenant may take you longer than you realize. In contrast, people looking for a house to live in are much more flexible with their time-frames and choices: they know that they can move whenever they wish to another house and not much will change. This is the flip side of long-time leases and secure income; finding such tenants is not easy. One other downside is taxation. Commercial properties are taxed at higher rates than houses, and the rental income is taxed at a higher rate too. If you’re going down this route, you will do well to consult your tax adviser way before you put down your money
...more
