Multi-families better in rural or more urbanized areas?

[Anthony Whitt]

My partner and I are in Dayton and are currently developing our investment criteria before we jump in. We are looking at the pros and cons of investing in a more dense location closer to the city or a location in  a little further away. This is what we're thinking through:

Larger pool of potential renters in urban areas, but may be more transient increasing turnover costs. May be able to get higher rents in urban areas, but there are higher costs such as property taxes.

Anyone have any thoughts or experiences or are we thinking through this too much?