Hi @Steve Franco , I started investing the beginning of 2017 and so far have only invested within my home town of roughly 13k. I’m sure you will get some great advice from more experienced investors and look forward to reading those as well!
There are people in my town who have retired by owning rentals in my small town, why can’t we do the same?
Best of luck to you!
@Steve Franco - best to start learning that market. Talk to a few property managers and find out
(a) if prospective duplex is at market rent
(b) the # of units the prospective property manager has vacant -> should be concerning if this is a high # relative to C below
(c) the # of vacant units available for rent in the city -> the lower the better
(d) call other comparables, and play the role of a prospective tenant (what’s the rent, what does that include, if no vacancy when do you expect to have one)
@Jay Helms Couldn’t help but respond once I saw where you live! We love Gulf Breeze and make a point to visit at least once a year.
This is great advice, thank you! I'll let you all know if I move forward with this property.
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