Part of the answer depends on your ability to manage it well.

hello to all. just a quick description of myself. i am a real estate investor working in the western New York area. i have been doing this in this area for 12 years now, with many successes. i am a licensed home inspector, work as a handyman for a local property management company, and currently own several investment houses. i can safely say that i know the area quite well. given my home inspectors experience, i feel very confident in my ability to judge the condition of a house and evaluate the rehab to bring it back to a marketable condition. having a degree in accounting, i feel quite confident in my ability to manage the numbers part of the transaction as well. having recently passed a course in furnace installation and repair, i feel i can safely replace appliances such as the furnace if need be and a water heater if need be, saving large sums of money in the rehab. he is what i am looking for. i am looking for a HML to fund my latest find. a 4 bedroom, one bath house with two stall garage in a family neighborhood that i currently own 2 houses in and have purchased more in the same neighborhood in the passed. 

There are other bonuses to hiring a spouse for your business such as the ability to open a Medical Expense Reimbursement Plan.

It took me 6 months to prove to my wife I had the knowledge and ability to start.

Also looking to connect with investors who can use my drive, attention to detail, and ability to handle logistics while working under pressure.

And as I've grown as a person, my ability to make better real estate deals for myself and my family have grown too.

Add in inflation, tax benefits to include depreciation, the slow increasing of rents over time, and the ability to use leverage at purchase--well, there are a variety of benefits to investing in property.

Everyone keeps saying these aren't the greatest areas, but I want something that has some ability to bring in some rental income..

Another thing to think of is ability to get financing.

To this end, I will have multifamily designs that  I will execute in specific markets as a proof of concept, for both the viability of construction, as well as my ability to manage and maintain a multifamily asset.