Will my property rent?
How do you all determine whether a property will rent?
I am currently analyzing many different markets and do not have a specific one set for myself. I am looking at comparable rental rates and purchase prices in each of these markets. I notice that some markets are overwhelmed with large apartment complexes with pools, gyms, etc. Do you see these properties as more desirable to potential tenants when compared with the SFH or MFH I would try to rent in that area? These complexes are appealing to the eye (mine at least). I do not know if a house would rent in these areas without severely undercutting the rents of these competitors. Of course not everybody wants to live in a big complex, and some would prefer renting a house. But how do you determine these things...
What do you all think? Avoid investing in small rentals in areas where many large complexes exist?