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Updated about 4 years ago,
Which route to go for SD rental
Hello,
I just want to get some opinions from other people on my investment adventure. I currently do not live in San Diego, I'm about a 7-hour drive away. I plan on moving to SD in a few years and know that the market is growing over there. My plan at first was to buy a SFH around 650k and renting it out, but after talking to a few people I've been told that isn't exactly the best route. Simply because I don't live in the area and cannot really manage the property. So I will probably have to hire a property manager to do so, which will take the little amount of my cash flow I'd have. So maybe start with something simple a 1 bedroom condo in a great location, such as Downtown, little Italy, etc.. I kinda was interested in a two-bedroom if I go that route, but not sure how easy a two-bedroom would rent, rather than a one-bedroom. I think I'm just a little worried about finding renters for a two-bedroom, rather than a one. I also thought about a townhouse, simply because I like the feel a little more and the HOA's on Townhomes are a lot cheaper, so I don't feel like I'm wasting my money. I'm just stuck in limbo here..