[quote=SD Realtor]My advice would be to seek advice from those who actually are investment property owners. That would be rule 1.
I manage my two SD rentals, one is a condo and the other is a small home and have a couple sfrs out of state. The smaller the home the easier it is to manage. Once you start renting out something that involves families with kids you will experience more repair work. I think for a first timer I would stick with a small condo or two if you can but go with what works for you. Also my advice would be to try to take advantage of the current cheap financing as well I wouldn’t discount what clearfund wrote as well. It is a different avenue but the end goal is the same for all of us.[/quote]
SDR, is either your condo or house in SD currently rented to families with child(ren)? Have you ever rented them to families with children?
When I had my rentals, I only got applications from families (usually active-duty military). I would think renting to separate single roommates (who have a tendency to “skip the lease” on each other) or party-animal singles would be a PITA and your damage to the unit would be greater upon move out than with families. Older singles/couples and senior citizens would be preferable.
