The upside is general appreciation trends, low time on market and greater liquidity of the property than less popular markets.While having a property locally is great for learning, you can still learn by buying out of state.

In some popular areas, They are ruining the neighborhood.

In addition all lakefront isn't created equal there is town, type of water access, how popular the lake is, how well people know that lake.If you share more perhaps people can provide area specific advice too.

I have title insurance,  I assume that will take care of any legal matters that might arise from this..?

I was not popular, but I am telling you sincerely, those people may have paid off debt, but I have amassed $4 million in RE equites.

. - UCCS is growing rapidly and becoming one of the largest universities in Colorado while also maintain Colorado College near downtown and the popular Pikes Peak Community College on both sides of the city.- Tourism is on high demand and has been for some time with the Olympic Training Center and soon to be museum, Pikes Peak, Cog Railway, The Incline, Cave of the Winds, and so much more.- Plus you got to love all the microbreweries - just sayin...

Rosemary has been and I think will always a be a good long term investment, because it is forever popular and a "who's who" place to be here. 

American Shield is the most popular one I have seen in listings.

Summer is definitely the more popular time for tourists, but Cataloochee, Pigeon Forge, and Wolf Laurel are close ski resorts that should keep you booked in the winter.

It's adjacent to Fort Rock Park, one of the more popular neighborhoods in Sunriver, as it's set up for kids The loop on which our house sits often has all the homes rented to groups, families, etc.