Here are some potential pros and cons of buying property in Wanamingo, Minnesota based on general factors that could apply to any real estate investment:

Pros:
- Affordable housing: According to Zillow, the median home value in Wanamingo is $211,900, which is significantly lower than the national average. This could make purchasing property there more accessible for people with somewhat limited budgets.
- Rural charm: Wanamingo is a small village with a population of around 1,100 people. If you crave a peaceful, laid-back lifestyle surrounded by scenic countryside, Wanamingo could be a great choice.
- Outdoor activities: Minnesota is known for its natural beauty and outdoor recreation opportunities, and Wanamingo certainly has its share of them. The nearby Cannon River offers opportunities for canoeing, kayaking, and fishing, and several state parks are just a short drive away.

Cons:
- Limited job market: As with most small, rural towns, Wanamingo likely has a limited number of job opportunities available. Unless you have a remote job or plan to commute to a larger city, finding work could be a challenge.
- Harsh winters: Minnesota winters can be long and bitterly cold, with frequent snowfall and icy conditions. If you're not prepared for that kind of weather, living in Wanamingo (or any part of Minnesota) could be difficult.
- Lack of amenities: Again, Wanamingo is a small town, and as such, it may not have all the amenities and services you'd find in a larger city. For example, you may need to drive to a nearby town to access grocery stores, restaurants, or other necessities.

Of course, these are broad generalizations and not everyone's experience living in Wanamingo will be the same. It's always a good idea to do thorough research on a specific property and location before making a purchase.