Sheboygan WI buy and hold
So I did a forum search and surprisingly found next to nothing on Sheboygan which surprised me. Can any of you investors give me some high level thoughts on this market? After some quick research and driving the city, it appears that there is a lot of old depressed housing stock that could be a capex killer to hang on to. Looking a the Zillow map, it appears a huge number of properties changed hands in 2013-2015. I don't see a lot of new multifamily housing development either. Does the relatively low projected rental versus new construction cost kill the potential of getting a new smaller apartment/townhome development off the ground? With more young professionals working in the area, it seems like there should be demand.
For those of you who have rentals in Sheboygan, what has your experience with your tenant base been like? Turnover?
Thanks for any thoughts you can share.