Investing in small towns
I’m a newbie so this may seem dumb but I’m wondering how the experienced investors feel about investing in small towns. I’m interested in the buy and hold strategy and I’m looking at a small college town in MO where I have family. Crime and taxes are low, my sister works at the university and is always telling me there are few rentals available. At first glance the town seems to be growing. They just built a new hotel and conference center. I feel like this would be a good place to purchase my first property because I visit a couple of times a year and I have a support system there. I may be overthinking it but I’m curious what you experienced investors think. Thank you
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@Michael Ryland Nothing at all wrong with investing in small towns. You are over thinking it imo. I would rather invest in a stable small town with family there as opposed to some other OOS place where you don't know anyone (at least not like you do family.)
Any small town with a University is going to have a stable rental market from what I've seen,