My area has a population of 40ish+% people renting

[Matt Rose]

This may sound like a silly question but bear with me as I am a new investor who is saving for his first rental property (targeted 2021).

If my area has a high rental rate vs buy rate how does that impact me as somebody looking to be a landlord and own rental property? At first glance it seems like a positive thing since my houses would be easier to rent but I want to make sure there isn’t something I’m missing. Also, this would negatively impact my selling of the house later correct? Price/ value? Looking to rent a home in the 100k-120k range. Any help or guidance would be great!

[Ryan K.]

I dont know much about Charlottesville, other than people generally saying its expensive. Its a growing area which is putting tremendous pressure on selling prices.