I have a question about the desirability of rental properties in downtown Nampa.  

My home is just a couple miles from downtown while a home "in Cincinnati" could be in downtown or it could be 15 miles north.  

In my opinion the real estate remain still a good investment/business because has the "SLOW" characteristic that means that do not react directly proportionally with the stock market and no matter is going to happen the people needs a roof...Anyway, about the Houston market, I was just reading from the Houston Business Journal that the top 10 jobs are based on medical and/or import/export industries, no one was in the oil & gas area.Another KPI is that Houston have still a shortage of houses respect to the request.However, if you driving around downtown/uptown you can see a lot of new buildings/condo/town etc... that are ready to open...In conclusion, I think there are a lot of opportunities in the Clutch city...

I know people like to live close to freeways, downtown, hospitals etc and other fancy communities. crime rate will lower value of the property. 

If you look at Arvada, Boulder, Colorado Springs and other spots like that where there was actually a downtown there seems to be more MF.  

@Christopher Goldie  I am in a burb south of Dallas (about 25 min S of downtown.)

Hey BP,I am in the process of ripping out the old carpet in one unit of my downtown Charleston, SC duplex.

Here are the details...I am trying to get an apartment under contract in Madison Tn (10 minute drive from downtown Nashville) and the seller definitely has motivation to sale. 14 units - 10 1/1 and 4 2/1She currently only has 9 units (all 1/1) rented out and she lives in the last 1/1She states she doesn't have any of the 2/1 rented because she requires two months down to move in.Rent rolls (checked the leases and is accurate and market average)1/1 - $650 a month2/1 - $750 a monthCurrent rent roll a month - 5,850Monthly expenses..Sewer - 112Storm - 40Waste/ trash - 76NES - 90Water - 80Gardening - 50Hazard Insurance - 333Taxes - 516I used an 8% cap rate to get my offer price at 569,125Does this seem about right to everyone?

Purchased a single family 2.5 story in a desireable historical district close to a downtown waterfront community.  

One only has to look at at the dramatic turnaround of GM over the past 7 years http://www.cnbc.com/id/102116432hahaHAHAHAHAHAAH comparing us investors to Gilbert HAHAHAHAHAHAHAHAHA you have no idea what is involved in trying to get into the down town area