Rental Properties on a Pond

[Matthew McMenamin]

Is the liability of "waterfront" property worth it for long-term SF rentals? I'm looking at a house in Indianapolis that has one of those suburban-type ponds in the backyard, so we're not talking about swimmable lakefront property. I would imagine some renters with kids would not want to rent somewhere that has an open body of water where their kids might get injured/drown. It provides a nice view off the back porch, but I'm wondering if I should just steer clear of the risk. 

[Matthew McMenamin]

@Warren Swede Yes, it's a stormwater/ man made retention pond. It's a part of the subdivision. It's large and not a part of the property I am looking at. The backyard backs up to it. Sort of halfway between a pond and a lake... If I want to do anything about it, a fence would probably be the way to go. Maybe it's a non-factor and I don't need to worry about it.

@Bjorn Ahlblad It's an off market deal that I may be able to get under market value, so the rent numbers would make sense. I am also looking at it as a potential flip, which I am leaning more towards. It seems kind of high-end for a rental property, however large suburban rentals are popular these days.