Am starting to consider buying a rental house near my son in Indiana. He has remarried and has a new baby, and while I don't want to relocate there full time at this point, I would like to have a presence there, and maybe a rental house that we could sometimes visit and work on and then re-rent. Ideally, I'd like to be able to see him once or twice a year, but if it's a rental, that might not be possible.
I found one that I am considering because it meets our needs. His suggestions are ones in town where he lives, but I don't think I'd ever want to live in town where he lives. This is out in the country but near his work, so a good rental market because of the plant where he works.
Any thoughts, positive and/or negatives that come to mind?
At one time, this was my dream, to have one rental near each son, then leave it to them in my will. But two of them live in ridiculously expensive areas, and this is the only halfway affordable one, and only if I buy something tiny and/or foreclosure.
This one is a foreclosure.