The neighborhood / subdivision that I am interested in buying has about 50% ownership (which i think means the other 50% households rent). Does this adversely impact the value of the home either short term or long term? Is it a good thing if I plan to turn this into rental property later down the road (probably 5 plus yrs later)?

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50% is a lot. I wouldn’t buy where 50% of properties were rentals.

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It increases the likelihood that the majority of residents aren't going to care that much about the state of the homes or the condition of the neighborhood.

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It only matters if there are restrictions in the CC&R’s around the number of units that are allowed to be rented. It means nothing if you plan to live there.

MD that's one reason but certainly not the only reason.

50% is a lot. 25% or lower is better. Renters don't care and frequently owners of rentals sadly do the bare minimum of maintenance.

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Happy to add more details as needed

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