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Updated over 3 years ago on . Most recent reply

User Stats

4
Posts
0
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Nate O.
  • Architect
  • Iowa City, IA
0
Votes |
4
Posts

Rentals in Rural Small Towns

Nate O.
  • Architect
  • Iowa City, IA
Posted

Looking for people's experience investing in rentals in small rural towns . I have an opportunity for a 4 plex in a small town in Iowa(less then 250 people) located 15 minutes for a town of 6,500. I currently live in the state but in one of the larger population centers about 1.5 hrs away. The deal, when fully occupied, will cash flow nicely but I worry about finding and keeping tenants with such a small population base.

Does anyone have any experience and/or tip with this type of markets that they can share?

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