Looking for opinions on investing in greater Minnesota
My wife and I are preparing to get into rental property ownership for the first time. We're considering buying an investment property (single family, duplex, or small apartment building) in greater Minnesota since the cost of properties is lower than in the twin cities. I'd probably want to keep it within a couple hours of where we live since I'd manage it myself, so places like Saint Cloud, Albert Lea, or Austin would be candidates. Does anyone have any experience investing in these areas? Are there risks that I should consider that wouldn't be a factor in the twin cities? Or, does it even make sense to focus on greater Minnesota, and instead just look for deals closer to home?
Thank you in advance for any insight you could provide! I'm looking forward to becoming a more active member on the forums here!
-Andrew