This more of an absorbing-knowledge researching process than a taking-action one.
The GF and I are talking about options for where we want to live over the course of our lives.
Let's say we want to live somewhere really wacky like Caribou, Maine for a number of years.
Population: 8,189
Cost of 1400sqf 3-4bd house: $60k
Annual snowfall: 111 inches
Would this be a sane place to build out a small real estate empire (for FIRE purposes)? How would I go about figuring this out? The rental market seems pretty sparse, but it is a smaller city, so less of everything in that respect.
The numbers look pretty good from what I can see (3 bedroom house rents for $850/mo, but it's hard to find info), but logic tells me that my concern with a smaller city would probably be vacancy (fewer people overall, so it takes longer find tenants). I have no idea how to quantify that.