45 Unit Multifamily in One Horse Town (Toledo Ohio Area)

[Curtis Hummel]

Hello All,

What are your thoughts about investing in small towns. I was informed of a 45 unit apartment deal in a town I am very familiar with. Its section 8 and based on the numbers I have its definitely cash flow positive . Great building, great price but my only concern is do I wager a huge debt on a small town even if its a cash cow day one? 

Any input appreciated!