Anyone investing in Spartanburg, SC

[Derek Robinson]

Spartanburg has recently caught my eye.  The city has put a lot of time and resources into revitalizing the downtown area and developers are coming in to build/rehab office buildings and hotels.  BMW has a manufacturing plant in the process of adding a 1 billion dollar facility to their current one, GE has a large plant, and several national chains have their headquarters there.  Real estate is really cheap (40k for a 3/1) and rents are between $600-$800.  Crime rates are high, but have come down steadily in the past few years.  It seems like just a matter of time before the real estate market catches up with the development around.

Anyone on BP investing in this area or have any thoughts?