The Poverty Kid turned Real Estate Investor journey was not easy 👇🏃🏾‍♂️ From dodging gunshots in the New Orleans Housing projects as a kid to 🛏️ Frugal living in an undesirable apartment to🏠 Purchasing a starter home as a first-time homebuyer to👨🏾‍💻 Buying & Self-managing my multiple rental properties to 🗣️ A speaker for BiggerPockets!

The state of the economy and supply vs demand is making investments more expensive; however I believe investing in markets that are still slow at this point or have ample supply is a risk - they will drop faster and have higher vacancy rates in the next slow down cycle.Investors want motiveated sellers and buy cheap - but think about it, why would you want to be in the shoes of the guy who ownes something that is so undesirable that you have to discount it to find a buyer.   

In reality, most high current income property investments are located in undesirable areas, either war zones or areas with declining populations.

It would be worth studying up on that technique.Because you know the area so well, presumably you have a solid understanding of which specific neighborhoods are most desirable (and un-desirable)--use that to zero in on properties in the most desirable areas.

When the lake started to recede and the salt water level intensified until it killed off all the sea life and slowly ate away at paint, metal, wood or anything else in its way, the Great Salten Sea became an abandoned ghost town and refuge for motorcycle gangs, drug runners, illegal's and just about any/all undesirables that could survive there. 

I know a similar situation has happened in NYC too with people getting priced out of areas that at one time would of been considered undesirable or cheap. 

If we are talking about generalities, the West side is considered desirable whereas the east is considered undesirable.

2% to 8% is possible but is usually going to be in undesirable neighborhood.

The possibility of getting stuck with an undesirable long-term relationship is exactly why you have to vet like crazy before you cut a check. 

I don't follow that area but there are a few on here that do and it sounds like there are some undesirable areas so you may want to watch for that.