New Apt Building Affect

[John Torres]

I'm new to the rei game, and have been looking to invest in 3-4 unit homes (2 & 3 bdrs) in a small town (5,000 ppl). I just found out that a large(r) apt building is going to be built in the middle of the town (all 2bed/2bath's) Within the next 2 years. If I can snag a triplex/quap at a 1+% rule, would it still be a good idea considering the upcoming changes??