Should I buy in Philly?

[Weis Sherdel]

I am looking to buy and hold a SFR in neighborhood of $60-$80K with CAP rates of 9%+. Philly interests me because it offers those numbers and it's only 2 hours drive from me (I live in DC).

However, I am hearing mixed things about the macro-economic health of the city.  Philly was the only major metro area (in a list of 12) that posted negative job growth in 2014.  The current unemployment rate is 7.1% for Philadelphia while it's 5.2 for PA and about the same in the nation.  Plus, crime appears to be an issue.  My questions:

1) From a macro-economic view (job and population growth), is Philly the right place to invest?  Can you substantiate your answer?

2) Are there reputable turnkey companies you can recommend?

3) I have heard that West and North Philly should be avoided, but Philly is a block by block neighborhood.  Any recommendations on these neighborhoods in the western side of Philly:

- Intersection of Cedar and 60th (Cobbs Creek Pkwy/Christian St neighborhood)

- Intersection of Baltimore Ave and 56th (Angora)

The neighborhood in northern side of Philly is intersection of Wister St and Chetten Ave.

Thank you very much for taking time to help me.

-weis