Is rental property in college town worth it?
Hi BP folks! I am a newbie considering going into real estate, primarily with a goal to establish passive income. This is my first post here. I live in DC region, which is known to be a pricey one. Not much cash flow is happening here if consider to buy in this market. What I was thinking is to start with a 2-3 bdr condo in nearby college town (Blacksburg, VA). Already contacted RE agent in the area. Looks like I will need a very good credit score and a hefty down payment due to the nature of this purchase. Is there any downsides I need to be aware of with my plan? Thank you.