Dawgball,
I own alot of rental property, but all in my town. I used to own some out of state, but sold it all, too much of a pain in the ass. Key word here is "some" as in more than one.
Think you would be OK for owning this one property, it will get your feet wet, one can only learn this business by doing. The fact that it is new is a huge plus, your maintenance issues should be close to nil. Very important to have a maintenance guy set up for emergencies, some one you can trust. I think that will be harder for you than finding good tenants given the location and surrounding attractions you mentioned.
Heed Ar's advice about women and/or married couples, I have some student rentals, and let me tell you they are very labor intensive
Try it for 2-3 years and see how you do. As far as refinancing, there are many options I would need to delve further into your personal situation. I have almost all my stuff on 15 yr mortgages. Ask Jack for my email, and I can give you anything else you might need!
Franky
P.S. You guys sound like the sandbaggers I play golf with
, always whining about strokes
. LOL! Better talk to BTJ about handicap play
. Remember your biggest advantage is how you hit off the first tee, a worm burner will always help your handicap
:moon: LOL........GL
