I'm not sure that someone's past performance in the market will be helpful if you are trying to assess your potential future performance. We've been investing in Fort Wayne for a number of years now and have done well. The next 5 years are going to look a lot different for investors in the market than the last 5 did. We are at likely record high price to rent ratios (like much of the country) without much upside on rent growth in the mid-term paired with steeply rising taxes, financing, and insurance costs. So the question comes down to what's your strategy and how active do you want to be in your investing? Gone are the days where you can buy a cheap 100 year old multi-family off the MLS, turn it over to a local property manager, and make a great cash on cash return out of the gate. If you plan to be more active and scrappy in your investing, there's always a way to make money. If you want to be an armchair investor, you can probably find easier asset classes that will offer a better return despite what your initial spreadsheet numbers might be telling you.
