Here are some potential pros and cons to consider when buying property in Perham, Minnesota:

Pros:
- A relatively low cost of living compared to other areas in the US.
- Perham is near numerous lakes and natural areas, perfect for outdoor recreation and activities like boating and fishing.
- The town has a small-town feel, with friendly people and a sense of community.
- Perham has several small businesses, including shops, restaurants, and local events that residents can enjoy.

Cons:
- Rural areas like this one may lack some of the cultural amenities and resources of larger cities.
- Employment opportunities may be limited in the area, with a relatively small job market, especially outside of the tourist season.
- The winter months can be harsh, with cold, snowy weather that could make getting around town difficult.
- Perham is a small town with limited resources, so medical care and access to other services may be limited compared to larger cities.

It's essential to keep in mind that what is considered a pro or con can be subjective, and may depend on your individual priorities and needs. I recommend researching the area in more detail and visiting the town to get a better sense of whether it would be a good fit for you.