A skilled operator can still make money there, but if you are long distance, have no connections to the area, and just like it because it is cheap, it's probably going to take a lot of time/hassle and underperform index funds.

Instead, focus on improving your skillset, helping more clients at a high level and implementing systems in your business.

Personally, I need that level of control to feel comfortable investing relatively large  sums of money and is thus the reason why I’m not a fan of syndications.my 2 cents….Randy 

At least at the succesful levels I've seen. 

This is a community built for learning and growing in real estate, regardless of experience level.

With over a decade of experience in multi-family property investments and Property Management, I’m now eager to take my portfolio to the next level.

In our small corner of the market, ~1,000 units in Northwest Ohio, our rent increases are softening, but we are actually at our lowest level of late payments and evictions in over 2 years.

You'll have to find your comfort level on how you want to manage it.  

Do your research and visit any area at different times of the day to get a feel for the parking situation, noise levels, and traffic. 

When there is only so much land in an area the county or city tends to relax zoning to allow higher density levels over time.