Becoming a landlord is not for the faint of heart. Being a landlord several hundred or thousand miles away is even more challenging. Someone mentioned the facebook site Landlords of the Villages.. Perusing that site, you will find many questions from first time landlords.. Before you ink your new home contract, make sure you have clearly laid out your objectives and understand potential rent income, fixed and variable expenses..set asides for unplanned maintenance items (equivalent to an emergency fund)..not to mention an enforceable lease contract, who will be your local contact should (when) things go wrong etc.. It's clear that many on the FB site have bought first .. then start trying to figure the above .. and more .. out. Managing rental properties from property to tenant selection can be very rewarding or your worse nightmare.. Realize also, that your choice of a home that you are going to spend your golden years in may not be the prime property that potential tenants are looking for.. Best of luck to you
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