St. Albans, Kanawah County

[Jim Nelson]

Hey Everyone. First time poster after having had my membership for a few months and listening to the podcast for about 2 weeks. A great place for information on all things real estate!

Here is the question: I have an opportunity to buy a fully remodeled 3,000sf 4br/2.5BA home in St. Albans through a trusted client who gets interesting real estate opportunities from time to time. He sent me this particular deal and its a home recently appraised for 224k that he can buy and sell to me for $180k. Its currently on the market to rent for $2,000/mo where its been for about a month now. I am doing some preliminary research and just wondering if anyone knows the area and what the pitfalls of investing here might be. Is this a good rental market? If I decide to turn around and sell is there demand to own homes in the area? It appears to be a small suburb and just wondering why someone would want to live / rent here (or not). Thanks in advance for any insight you might have and be willing to share!