Whether you're eyeing long-term rental properties, MTR Market, or are looking to live here yourself- this area is full of potential.

So, the tenant covers just about every operating expense from maintenance, property taxes, and management fees. 

And if you live too long, it would run out quicker then you can imagine. 

The FHA rules/regs (in particular the FHA self-sufficiency test) are applied the same across all markets, and I know for a fact that in rural communities across the country, and big cities that are not particularly desirable places to live, it's not a deal-breaker, I am not commenting on those areas. 

I currently live in chanhassen but own rentals and have a few flips going in the rochester area.

@Trevor McCormick to piggyback off what others have said, determine if you are trying to maximize it as an investment or utilize it as a vacation home you will STR to help cover expenses, as this could dictate which type of property you are looking for. 

I know it's an expense, but you inherited the property at the "current value." 

Hey Jack,I'm currently living in R.I and I grew up in MA.

You'd be surprised to learn that someone living in a rental or apartment, that has a family and is a successful small businessman, has the money and is willing to take that deal.

I've done three flips in Denver, where I live.