Purchasing Adult Community Homes - Good or Bad Idea?

[Kevin Umberger]

Hey All,

I am new to REI and this forum. I have yet to purchase my first property. However, I live in New Jersey, which is a very densely populated state with many Adult Communities. I was wondering if anyone has had any success with purchasing Adult Community homes as Rental Properties? I'm concerned about the limited renter market, but I'm thinking the competition for these types of homes may be lower then for Single and Multifamily units.

Thanks in advance!

Kevin Umberger