Investing in a declining market?

[Chris C.]

Hello everyone,

I've yet to make my first deal and have been scoping out a couple of fourplexes in a neighboring city. The upside is the cash flow- about a thousand a month- on the properties but the downside is the area property values have been declining about 7% a year since 2006 and the market has showed no signs of turning. Should I buy in for the excellent cash flow and hope the market turns or pass on the area?

Thanks

Chris