The reply may depend on your needs; but, regardless of where you are, there are several factors to note as you decide whether or not renting out property is right for you. These may include the following: the scope of tenants' rights, restrictions on deposit amounts, mandatory disclosures, how hard an eviction could be, and, of course, the amount of property taxes. This being said, Minnesota is home to schools like the University of Minnesota and the University of St. Thomas as well as tourist destinations like the Mall of America, Nickelodeon Universe, and the Como Park Zoo & Conservatory, so there is no shortage of potential visitors and tenants if you're close to them.