Central Illinois - Investing on Lake Mattoon
Does anyone know much about properties on the lakes in central Illinois? I started looking at lake access homes in Central Illinois. My hope was to have something that wouldn't break my bank and also possibly generate a few AirBnB opportunities.
Lake Sara is out of my range (cost wise) and Shelbyville doesn't have anything really like this. So i started looking at Lake Mattoon. Are there others?
Here are my questions regarding Lake Mattoon (Negoa). Are there any gotcha's with buying on this lake and is there any hope of someone wanting to rent the place for a vacation or access to the colleges?
If I decided to simply rent it out to a traditional tenant is this a good model as well?