Anyone investing in Cypress Hills/East NY Brooklyn?

[Michael Charles]

Hi everyone. I am looking to invest in a property this year, through an owner occupied FHA loan. I am renting right now close to NYC by Long Island City. As much as I love this area, prices are extremely high and not affordable for my budget. I did a search, and East New York, Cypress Hills area has been showing some very affordable multi-families. My plan would be to live in one unit, and rent out the other unit.

My only concern, is the safety. I have heard that this is a rough area. Is the area as a whole dangerous? Or only certain pockets? I did a drive through of Bed Stuy and Bushwick to scope out the area. It seems like there was a mix of nicer buildings, and older properties as well. I noticed a "hipster" vibe in some parts. Those areas are crazy expensive though. 

Does Cypress Hill have potential as an up coming neighborhood for investment? I would consider the Bronx as well, but I am not familiar with the area as a whole. Are there any other areas recommended?  Thanks.