Rental Market Red Flags

[Jim Stevenson]

What are some warning signs you look out for in a market you're investing in? Schools, vacancy, unemployment? I'm looking at a smaller rural town of about 13k people with a lot of small multi-families for sale and the market is cold. The schools are decent but is this a place I should steer clear from? I know some find success in rural areas so I'm curious what others think of a market like this.