Cash flowing areas like Rochester, NY and Cleveland, OH

[Daniel V.]

Hi All,

I'm a first time poster and highly motivated to make my first of hopefully many investments (likely in a LTR). I would be an out of state investor and would work to find a great property manager to help me manage the property(ies).  I'm curious to get your feedback on areas that seem to provide good cash flow like Rochester, NY and Cleveland, OH.  

1) Is the general thought that these areas might not make the best investments for a buy and hold investor given declining populations and a potentially low likelihood of appreciation?  

2) Is there anything you'd recommend looking out for in either area? 

3) Are there any other cash flowing areas that you'd recommend looking into that you think provide greater potential for appreciation?

I appreciate your responses to any or all of these as your responses to date of been incredibly informative!