What type of investment is this? Are you looking to rent? Or will you be living it in?
Personally, I would look for something that you can maximize in terms of renting, as that market is crazy at the moment and doesn't appear to be subsiding anytime soon. That typically means more inner city than what you're looking for, so you can cater more to the downtown worker crowd. To me a community like Auburb Bay/New Brighton will never be that attractive for many renters unless they work at the new hospital. And if there is ever a crash, that's exactly the type of area where things will go south first.
If I wanted it for rent, I would buy a condo in the inner city. You can get a decent 2 bedroom for 300k in the Beltline, and your rental income will more than pay for itself. I'm pretty sure I could conservatively rent my current place out for $200/300/month more than what my mortgage/condo fees etc are. So having someone pay off your mortgage while also giving you a few hundred dollars a month is pretty nice....and that's without any mention of your property value rising.
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