On the Podcast you hear a lot of guests and investors refer to finding markets that are in the "Path of Progress", meaning the economy and community show signs of improvement. It seems like you have the advantage of being local and monitoring trends and seeing improvement (or not) first hand. If you are able to capitalize on a good deal in the area with exit strategies in mind, you could have something great.
If crime is your concern, find a neighborhood that is less dangerous and/or up-and-coming. Another thing you hear on the Podcast is investors coming in and having a positive impact on the neighborhood and working with the police and the community to reduce crime and make it safer. It would be pretty cool to get in on the proverbial ground floor of Springfield Renaissance :)
