Usually, this is a sign of stability and a preview of the types of people who live in the area. 

The people are friendly, the business environment is welcoming, and my real estate investments have provided me with financial freedom.

@Luisa MorejonA metric that most people don't factor in is headache factor. 

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

Then, after I had experience and several wins, people were willing to partner with me on deals, or lend to me in second position for a short period of time to help with the down payment and with repairs and then I would pay them back when I would refinance.

They could include things like waivers for documents and appraisals, relaxation of underwriting standards and money to fund repairs.However, there are benefits for people who just live in the areas, but aren't directly impacted.

I've heard horror stories that it's usually impossible due to the "burden placed on the municipality" but could really never understand what that burden was... most people living in those units wouldn't be using the school systems so aside from maybe an increased volume in emergency medical situations I can not understand that statement? 

This is a great place to learn and to connect with people so take advantage of all the great resources.

Looking to help people in my community build wealth and continue to learn more about investments myself!

It frustrates me when people say, "there are no good deals" or, "can you send me a good deal" but never define it. - What price point can you afford?