I would even say that ownership in real estate as an investment has become a norm- a culture shift of sorts.

Employment growth, Corporate expansion, Job diversity and wage growth will be several factors that will impact the direction of rents.  

IMO for or someone like @Michael Blitshtein overseas this is a much more reasonable method to deploy his available 30 K across  5 or 6 diverse investments and reduce his risk and management headache vastly as compared to one 30K D grade property.

If you rely entirely on rental income for your income, you should have enough properties & diversity that the loss of income from one location will not bankrupt you or force you into making a bad financial decision to recover/replace the income, and enough cash reserves to weather any local downturns.

That’s great news, because as an investor yourself, you benefits from having a diverse selection of deals from which to choose.

If so, you might be able to create a better culture than what would normally be found at such a complex.You should follow the previously mentioned advice about the 30 year loans.  

Thanks.My investment goals are to buy rental properties and would personally prefer a bigger city in the warmer climates, with a diverse population and good job market.

My wife volunteers with a non-profit organization that helps international refugees and immigrants learn English and assimilate into American culture. 

Buy in the lower-end areas for the great cash flow and then diverse your portfolio with some higher-end product as more of an equity play.

I have a pretty diverse career history, primarily in business to business sales and event/wedding planning.