[quote=FlyerInHi][quote=spdrun]If you’re single, buy where you can rent it easily to an ATM on the hoof (aka a tenant). I live near a couple of hospitals, a university, and a med school. Med and Ph. D students make great, quiet tenants.[/quote]
Yep, i agree. Buy something old but well located, close to everything. Remodel and enjoy. You can always rent it out easily.[/quote]
Best of all, they can deduct all of their costs if they own rentals. Repair and maintenance expenses can be brutal; being able to write-off these costs makes it feel less painful.
I’ve often wondered why more people don’t do this — own rentals, and rent where they live. Financially, it could be the best bet.
