Help me make a decision on my first buy and hold
I have been going back and forth trying to decide where to look for our first deal. Narrowed it down to two areas: one with great schools, a very desirable to live Ellicott City, MD, expensive also; and second - immediate area right outside of the state university campus. Analyzed, both markets, demand for rent should be great in both areas, except in the first scenario cash flow is near zero or slightly negative, but I would most likely deal with middle class families with kids; in second scenario it should bring 300-400 per single family per month, but the area is iffy and dealing with students may bring a whole tone of issues with police/parties/extra repairs etc. I would appreciate any advice from anyone who has experience with either student rentals or properties that do not cash flow but are set to appreciate over time. Can't decide which way to go. Thanks!