The one downside is that population loss is a warning sign...if you are a long-term investor you could lose tens of thousands in appreciation...but you still have debt paydown and equity build...and once that 6-unit is paid off and fully occupied the number will be dreamy.I think the more important question is the strength of your team...mainly your property manager.One thing you should consider is working with housing choice voucher tenants...my city is 80,000 units short of demand right now...this trend is growing across the country quickly....a waitlist for tenants paying market rents can be a very good thing in a declining city

((Best)) way I can think of is have some money to invest and partner with a more experienced developer who is doing what you want to do.Come in as a Jr. type partner in the deal, and work full time at it--learning.By Jr. type partner I mean you are not calling the shots, but are in on all meetings and all aspects of the project.After a few deals maybe you want to go it on your own, or maybe just keep on partnering....A good partnership is a definite strength--but it depends on the person.I would say that is the (BEST) way to learn a particular development type.If you lack meaningful money try befriending a few developers and just talk shop as well as friendship things, and see what turns up.But to be a developer you will need to have a good sized chunk of change to risk (possibly losing) to do a deal.Good Luck!

There are literally infinite investment opportunities each with their strengths and weaknesses.

They usually don’t care too much about your personal income, although strong personal strength helps.

So I promised myself Id turn this weakness and turn it into a strength.

We've done very well in most--military brings a strength and diversity to Colorado Springs, Arlington, and San Antonio but definitely are not the only game in town. 

It works well for us because we have complimentary strengths.  

With a little self reflection, you will begin to learn your strengths, weaknesses, limitations and preferences.

One of my personal strengths is the ability to relate with others and find common ground.

I don't know your strengths, weaknesses, or experience level but when I started I had a few skills, but more importantly I had motivation.