I figured since it has been completely remodeled it looks a lot better the the surrounding comps going for that price

A 24x24 shell with no heat or insulation and 15 amp power can rent for $600 a month.

I'm curious if anyone has experience with how developments like these affect surrounding communities, particularly in terms of rental investment opportunities. 

Like most advice surrounding passive investing, this advice may apply in certain cases but the answer really lies in due diligence on the sponsor rather than a broad-brush rule.As a longtime syndicate sponsor I've been funded by both HNW equity and institutional LPs, so I've seen both sides of this first hand. 

Hi Blake, My company manages properties for others in New London (and the surrounding area), specifically single-family and small to mid-sized multifamily properties.

The growth is mostly in the surrounding suburbs, but we also have a chronic housing shortage both for sale and for rent.

Many are using Orlando and the surrounding area as an example of why STRs are no longer viable.Most of us know that the greater Orlando area is super saturated and that the main money makers are the huge places that sleep 20+ with incredible themeing in just about every room.There are plenty of areas in the USA that can support great returns but like any real estate purchase, you need to do your due diligence.

I like the town and see the potential in the city and surrounding areas.

Scranton PA is a great spot to invest.Pros:- Low cost of buy-in / not much needed in comparison to other areas due to affordability in purchase price- High-Cap Rates- High Cash Flows- Stable market / continuing to appreciate- Beautiful revitalization of the downtown- Influx of jobs, employment opportunities - Plenty of renters- New Amtrak service coming- Surrounding neighborhoods are sought after, solid schools, "home team" mentality in most of the towns where people want to stayFor the Cons:- I can't think of any OVERALL cons that couldn't be avoided in working with the right team.

That being said, I don't believe wholesaling is legal in every state so understanding laws surrounding that before you jump in will be important.There are definitely a lot of bad wholesalers out there!