Residential vs. Office rental?

We just bought a 3-story victorian house in Ditmas Park and the first floor is a 1700 sq/ft rental–currently a doctor’s office. We plan to continue to rent it out but can’t decide if it’s better to keep it as an office or to turn it into a residential rental (c of o allows for both). The layout could go either way as well–we’d obviously need to do more renovations if we turn it into an office, which were willing to do if it’s worth it.

So any thoughts or experiences with renting out an office versus an apartment would be much appreciated. As would ideas about which make better tenants, overall. Because we’ll be living on the second and third floors, we’re leaning toward an office–more privacy at night, less strain on building, maybe even less expensive to maintain. But we’re novices here.

Any ideas or advice?

Thanks…

By lah |