Conversely, areas like Buffalo, Cleveland, Detroit, Milwaukee, etc. might actually see benefits (relative to other parts of the country) as its weather warms a bit and fresh water sources in the US become more scarce.So since I am going to be investing anyways (and already have 2 places in California), I'm thinking maybe to diversify, I could invest in a place that will cash flow now and that 20-30 years out may become far more attractive than it is now and a place that my wife and I and/or our kids can have paid for and ready if it becomes the new more attractive place to live down the road...All that said, does this theory make sense, and more importantly, what city would you recommend as best to invest in (criteria being that its a decent or up and coming place to live in now but could become much more later). 

I think your goal for two properties with that budget is doable in Buffalo.

Welcome to BP, Dave.My wife has family in your area (Buffalo, Rochester), and we spend a decent amount of time up there, so I've considered doing some investing there as well...

The West Michigan REI Club is hosting a meeting at Buffalo Wild Wings (2720 44th St Sw) in Wyoming, MI on Wednesday, February 12th at 6pm.

I have a modest 25 units in Buffalo NY, three of which are under contract to be sold.

As a reader and someone who knows that I can buy a multiple unit in Buffalo for that amount down, I knew that wasn't likely for me.

In efforts to trigger some Keyword Alerts for other investors near myself, I have added a list of surrounding towns below.Keyword Alerts: Gurnee, Waukegan, Grayslake, Round Lake, Round Lake Beach, Mundelein, Libertyville, Lincolnshire, Vernon Hills, Lake Forest, Lake Bluff, Deerfield, Arlington Heights, Wheeling, Buffalo Grove, Palatine, Schaumburg, Crystal Lake, Cary, Pleasant Prairie, Kenosha, Racine.Thank you so much!

Louis, MO-IL MSA Charlotte-Concord-Gastonia, NC-SC MSA Orlando-Kissimmee-Sanford, FL MSA San Antonio-New Braunfels, TX MSA Portland-Vancouver-Hillsboro, OR-WA MSA Pittsburgh, PA MSA Sacramento–Roseville–Arden-Arcade, CA MSA Las Vegas-Henderson-Paradise, NV MSA Cincinnati, OH-KY-IN MSA Kansas City, MO-KS MSA Austin-Round Rock, TX MSA Columbus, OH MSA Cleveland-Elyria, OH MSA Indianapolis-Carmel-Anderson, IN MSA San Jose-Sunnyvale-Santa Clara, CA MSA Nashville-Davidson–Murfreesboro–Franklin, TN MSA Virginia Beach-Norfolk-Newport News, VA-NC MSA Providence-Warwick, RI-MA MSA Milwaukee-Waukesha-West Allis, WI MSA Jacksonville, FL MSA Oklahoma City, OK MSA Memphis, TN-MS-AR MSA Raleigh-Cary, NC MSA Richmond, VA MSA Louisville–Jefferson County, KY-IN MSA New Orleans-Metairie, LA MSA Hartford-West Hartford-East Hartford, CT MSA Salt Lake City, UT MSA Birmingham-Hoover, AL MSA Buffalo-Cheektowaga-Niagara Falls, NY MSA Rochester, NY MSA Grand Rapids-Wyoming, MI MSA Tucson, AZ MSA Tulsa, OK MSA Fresno, CA MSA Urban Honolulu, HI MSA Bridgeport-Stamford-Norwalk, CT MSA Worcester, MA-CT MSAOmaha-Council Bluffs, NE-IA MSA Albuquerque, NM MSA Greenville-Anderson-Mauldin, SC MSA Bakersfield, CA MSA Albany-Schenectady-Troy, NY MSA Knoxville, TN MSA McAllen-Edinburg-Mission, TX MSA New Haven-Milford, CT MSA Oxnard-Thousand Oaks-Ventura, CA MSA El Paso, TX MSA Allentown-Bethlehem-Easton, PA-NJ MSA Baton Rouge, LA MSA Columbia, SC MSA North Port-Sarasota-Bradenton, FL MSA Dayton, OH MSA Charleston-North Charleston, SC MSA Greensboro-High Point, NC MSA Stockton-Lodi, CA MSA Cape Coral-Fort Myers, FL MSA Little Rock-North Little Rock-Conway, AR MSA Colorado Springs, CO MSA Boise City, ID MSA Akron, OH MSA Lakeland-Winter Haven, FL MSA Winston-Salem, NC MSA Ogden-Clearfield, UT MSA Syracuse, NY MSA Madison, WI MSA Deltona-Daytona Beach-Ormond Beach, FL MSA Des Moines-West Des Moines, IA MSA Wichita, KS MSA Springfield, MA MSA Provo-Orem, UT MSA Toledo, OH MSA Augusta-Richmond County, GA-SC MSA Palm Bay-Melbourne-Titusville, FL MSA Jackson, MS MSA Harrisburg-Carlisle, PA MSA Durham-Chapel Hill, NC MSA Spokane-Spokane Valley, WA MSA Chattanooga, TN-GA MSA Scranton–Wilkes-Barre–Hazleton, PA MSA

Buffalo Grove pros:1.

I mentor people here and there locally in Buffalo.