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Updated over 3 years ago,
rural multifamily
Does anyone have experience with rural multifamily 20+ units? I'm looking at a property 10 miles outside of a 10k population town, in a small group of $1M+ homes on one side of the street and low end shacks on the other. Unique.
I'd anticipate a smaller tenant pool/higher vacancy, slower rent growth and tougher resale. Anything else I should be watching out for?