Mawinder, A better way is to shop for an 1/8th plot in the outskirts of Mulolongo, Kitengela, Kiserian going for say 450,000.00 to 700,000.00. Spend another 700,000.00 (20*35,000.00) to put up 20 mabati houses (plot size is 50*100ft. Tu rooms are 10*10). Total spend 1.3m - 1.4m. Income 20*1,800.00=36,000.00 less expenses may be 30K. For 1.4m, 30k return is not bad. Rent for a 2 bed house at Nyayo Embakasi is going for 30K but to it costs 6.5m to buy. Return is about 26% pa. The beauty is that the land is yours, you have a title and it will keep on appreciating.

Mawinder, A better way is to shop for an 1/8th plot in the outskirts of Mulolongo, Kitengela, Kiserian going for say 450,000.00 to 700,000.00. Spend another 700,000.00 (20*35,000.00) to put up 20 mabati houses (plot size is 50*100ft. Tu rooms are 10*10). Total spend 1.3m - 1.4m. Income 20*1,800.00=36,000.00 less expenses may be 30K. For 1.4m, 30k return is not bad. Rent for a 2 bed house at Nyayo Embakasi is going for 30K but it costs 6.5m to buy. Return is about 26% pa. The beauty is that the land is yours, you have a title and it will keep on appreciating.

Electricity - install check meters for every hse/unit and bill for power. Currently a unit of power in the vijiji is minimum 30, from the extra after your kplc bill you can pay for water. Water- ration i.e 6 - 9 a.m and 5-7 p.m

Definitely a better return on investment but comes with a bit more work. Who will manage the property? Especially the rent collection bit. Plus these are controlled tenancies.