Location of rental: Does backing up to a highway matter for rent?

[Brett Bedwell]

Hey BP,

So lately I’ve noticed the only “deals” in my area that meet anywhere close to the 1% rule are properties that have either something really fouled up(Ex. Water problems that cost a ton to fix, etc) or properties that back up to highways. My question is: does anyone have any properties in great areas that backup to highways or train tracks? And does that effect the type of rent you get? Because you can get these types of properties at a pretty good discount when you buy, but I need to know if I also discounts the rent roll.

Thanks,

Brett Bedwell, CPA