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Originally Posted by wdforty
I've never had renters, so I could be wrong, but doesn't the real estate agent deal with them for you?
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yes its called a property manager and if you want you will not be bothered with anything. I've used them before. No need to let renters bothering you inpact your decission.
Land, if it has value, will carry a nice property tax ( not familar with your area). So if it is non income producing be prepaid to pay some money. If you were really smart you would utilize the land with out coming out of pocket. A good example of this (likely not applicable to your situation) is a car lot. Buy commercial land with intention of leting it appreciate but still make money from it without having to build on it. Smater then just letting the shit sit, maybe you can put a camp ground on it on something like that, Upscale RV park.
Bad thing about banking on appreciation, if the housing market tanks, so does the land. Land is only as good as what can be built on it and made from it. No gurantee it will go up in value. 1 good thing is that it is water front property, limited souce.
There is some answers to the questions you DIDNT ask lol.