Does anyone here have experience with renting out houses in the "exurbs", ie, the areas ~1 hour from a city? There are a couple small towns outside of Raleigh (Fuquay, Wilson, Dunn, Willow Springs, etc) with much better rent/cost ratios that I've been looking at, but a couple things give me pause:
-They're farther away from me.
-Local economy is (kinda) unknown?
-Potential for rent deflation/appreciation is unknown?
-Potential for home value deflation/appreciation is unknown?
So, with that said, has anyone here tried it? Not Raleigh specifically, but investing an hour or so outside a major city. How did it go?