See post from jay hinrichs about using them and some of the challenges they may provide.

Challenges?

Your SOW, challenging projects, expensive stuff, can be tricky unless you have experience and an established team. 

However when my friends moved out and I started renting to strangers, I found the high turnover rate and overall living situation to be much more challenging.

That's the case everywhere...and each region comes with its own set of challenges.

You've created a ton of equity.It's challenging to roll over the money with a 1031 into a syndication.

I belive the property will be a challenge to sell because, based on comps, its over priced. 

There are some challenging areas, but also some great areas that we think will appreciate nicely over the next 10 years.

They have a mix of solid rental demand and still offer relatively affordable entry points.FWIW, those aren't areas I specifically invest in today but they will give you some anchors and are examples of strong neighborhoods.As for schools, it’s true they can be a challenge in a lot of Detroit.

A buddy of mine in San Antonio faced the same challenge last year.