Small town investing

[Rob Hartz]

Hi all,

What are people's thoughts on small town investing. If you do use this method, do you have certain criteria (ie- current pop, expected pop, occupancy, etc)? Thinking I found a solid deal in a small town but the population is only about 3500 with small growth.

Pros:

Less competition

Cheaper

Good cash flow

Cons:

Low appreciation

Hard to find tenants fast