Investing in Small Towns

[JOHN DALEY]

What do you look for in a small town a couple of hours away from a metropolitan area and are trying to buy and hold? Is there a certain unemployment rate you look for? Specific industries? A certain percentage of population growth? Something else?

[Jody Schnurrenberger]

I also go to www.BestPlaces.net and look at the percentage of rentals and the vacancy rates.  It's personal preference, but I want at least 35% of the population renting (and really shoot for at least 40%) will less than 10% vacancies.  Good luck!