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Updated almost 7 years ago,
Buying in small town
So, I’m in search of my first rental. Looking for duplexes in the sub $50k range, which limits me to low income areas and small towns. I found a duplex for sale in a small town, even VERY conservatively the numbers look great (thanks BP Rental calculator!!!).
My biggest concern is not if it will cash flow, but if in such a small town it will take very long to find renters. Both units are currently rented but the leases will be up soon and I dont know if the tenants plan on re-upping.
Anyone have any experience or insights with these small town rentals? The town has 13,000 people only
Thanks!