Posted by Sailor on May 02, 2006 at 22:27:41:
I started investing in coastal NC while still living in Calif. For years I rented solely to retired couples (mostly from the NE) for a year or so while building their dream homes. These shorter-term tenants never made a late rent payment or put a nail in my walls. However, prices have increased dramatically, so if you are using financing it is difficult most places to get positive ca$h flow on SFRs. Appreciation is terrific, though, so it is a good place for 401k funds.