Investing in low income cities

[Lucas Procopio]

This is very broad so I just looking for some past experiences one may have had, I'm 25 years old and currently hold a solid union job in western PA about an hour north of Pittsburgh. The city I'm in is a depressed area of about 30,000 people with very little in the way of jobs paying over $8.00 an hour, avg household income here is $25,000. The average 3 bedroom home goes for about 60,000 but many more closer to the 50,000 mark, very little in the way of rentals, maybe 3 small apartment buildings a few single families and a few multi families all renting for about 500-700 a month. The 2 nice areas of town have going rates from 120,000-200,000. There are some potential rehabs. Does anyone have experience in this type of area and any tips on RE in a depressed city or should I possibly consider avoiding and look elsewhere, just looking for other opinions.