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Rental properties......
Have you considered commercial rental property? There are a couple of advantages there. One is that since it will be the renters place of business, they tend to keep it looking nice. Also, as a commercial rental, it is easier to evict a tenant from commercial than from residential property (at least in Georgia). As in all property, the three most important things to shop for are location, location and location. A commercial property in a good location tends to keep tenants for years at a time. By researching the other rental properties in the same area and keeping your rents slightly lower than the others you will have no problems keeping the space filled. If possible, a multi suite unit is better because the loss of one tenant out of 4 or 5 will hurt the old cash flow less. You should be able to get sufficient rents to cover the cost of the building and expenses in 10 years or less. Hope this helps with your decision/plan.
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FEC3
1980 911SC coupe "Zeus" 3.3SS
god of thunder and lightning
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