Updated over 4 years ago on . Most recent reply
Rentals in Rural Small Towns
Looking for people's experience investing in rentals in small rural towns . I have an opportunity for a 4 plex in a small town in Iowa(less then 250 people) located 15 minutes for a town of 6,500. I currently live in the state but in one of the larger population centers about 1.5 hrs away. The deal, when fully occupied, will cash flow nicely but I worry about finding and keeping tenants with such a small population base.
Does anyone have any experience and/or tip with this type of markets that they can share?