I would assume you are you saying 25% or 30% of income in C or B areas?

(Showing them on schedule C or E or rental real estate income and expense if partnership, Corp, etc.) 

So, that's something to look at.If you're looking for cashflow, I think it's a good place, but don't bet on terrific appreciation.

I wouldn't bet on appreciation alone though.

It's going to be difficult to find a cash flowing rental in Bend right now, so buying in Bend is really a bet on appreciation.

I have seen 5 year runs where people who bet on appreciation Win big only to lose everything when markets turn.So count me in the Buy positive cash flow properties only.Financial Independence = conservative Financing and long term hold

So, if you can find a good cash flow deal, I think it is a good place, but I'd be concerned to bet on appreciation - unless you are looking to force appreciation through home improvements. 

I'd rather bet on myself and live with the consequence than throw money out of state and lose most if not all control. 

Could someone please point me in the right direction in getting started in investing in single-family homes in C or B areas within the SE Louisiana area that have somewhat of an upside but not a dump???  

@Brook Rieman if you are investing in C or D neighborhoods, this type of thing will be common.