I'm currently looking at real estate in the Kansas city area to rent out. Primarily SF and small MF units in B/C+ish neighborhoods.
How much do you find it hurts rental price, vacancy rates, and/or appreciation to invest in property on busy streets? Is it a deal breaker for you or do you find it doesn't matter that much?
I suppose it depends on how busy you're talking, but I don't necessarily see it as a bad thing. Particularly for C class assets. A class tenants who are paying more may expect a more secluded community. Generally I find other factors are more important - amenities, layout, unit size, neighborhood, proximity to important locations, etc.
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