I see Real Estate the same way, it's the most effective way to grow capital without much reliance on the stock market like most other investments I've been introduced to.

Just like there was too much reliance on buying for appreciation pre 08  there is far to much reliance or those that sell turn key for a living like many on this site do.. on Cash flow in out of state markets..

Baltimore absolutely has its issues (I, personally, wouldn't live there due to the schools and crime), but as the saying goes "Live where you want to live, Invest where the numbers make sense".Some things to note as an investor: high property tax rate (but assessments tend to be lower), high reliance on voucher tenants, city government is a PIA to deal with.Get a great Realtor, get a licensed property manager (PMs aren't required to be licensed in MD, FYI) and start scouting neighborhoods.