Metro vs Rural Apartment buildings

[Ryan Dyess]

Much of the stuff I read on the forums are people recommending investing in or just outside of major metropolitan areas. Does anyone have personal experience investing in an apartment building in a more rural setting? Browsing apartments for sale I see some that have decent monthly rent compared to purchase price. I assume you lose some of the big appreciation people bank on that comes with the larger cities but what are your guys thoughts on these types of investments? I'm not talking so rural that there are no prospective tenants but more so the smaller towns. I understand a deal is a deal "if the numbers work" but I am interested in learning from others about location types.