Some cycles it would take over a year to be an issue and sometimes it was only months.

The land, however, may appreciate, which can offset this.If you’re in an area where affordable housing is in high demand, mobile home rentals can be an excellent option, especially since you already have the land.

Just because it doesn't cash flow in the first year or two, it doesn't mean it won't be an awesome rental for you down the line.

Shouldn't be an issue as a first time investor, but if you are also a first time homebuyer (aka renting or living rent-free) lenders sometimes have issues with that.

This would be an area where you think the market is more likely to yield the level of investment return that you are targeting.

Money should never be an issue.Out of State.

It truly lets you be an asset manager, not just a property manager.

While there are fewer native Austinites left, if you find them—especially older residents—they can be an invaluable resource for inside information.Get involved locally: Once the tourists and college students leave for summer or holidays, you’ll realize Austin is still a small town at heart.

The cost of Spam comment made me laugh out loud; luckily that won't be an issue for me but glad to know it is available.I specifically am looking forward to reading about how you chose Teak and what the real estate/business  buying process was like.Thanks again!

My sister recently moved to HI, and I figured that might be an interesting market because of high rents and HCOL - although also high property values.