Well, this posting has drifted off a tad.
Back to purchasing a house and renting it out.
If you have experience in this and are comfortable being a landlord then go for it
I don't think that the location has much to do with anything. In and around the Lakes Region. Other then inner city properties which potentially could be different.
If you find a good house at a good price then go for it.
All/most who live there like it.
But if you have never owned a property in an HOA then best to read up on HOA's. They got rules. And if you own a rental property then it is the landlords responsibility to make sure that the renters are following the rules.
This is an added burden for any landlord. As you will be the one notified of any infractions and it will be you the owner to contact the renters and force them to adhere to the rules. Not an easy task.
If this is your first foray into owning and then renting a house, I'd put my excess accumulated money in a CD. Won't make much money on that money but you won't loose it either.
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