Each of these variables will dramatically change the advice I give the individual asking me this question.

(Sounds dramatic - but this is true!!!

The more traditional B/C neighborhoods could change dramatically if people decide to move elsewhere and not comeback...

On the positive side, the ranks of LSU football fans grew dramatically and  anecdotally, i think the caliber of "Cajun Food" available in the greater Houston area rose as well.

We are both teachers and this year (as well as the next few school years in the foreseeable future) budget has been cut dramatically.

I don't know that it is likely to continue, at least not in the dramatic pace we have seen over the last few years. 

Most times these sellers are in their late 70's to early 80's and are still doing the landscaping, cleaning common areas etc... too.I buy the complex, improve the image of the complex in the community, remove the bad element, slow payers, non payers and replace with a much higher class tenant, which attracts a higher class tenant, replace things, install water saving features, provide a much better living environment for residents, raise rents substantially, increase NOI dramatically and correspondingly exponentially increase the value of the apartment complex in a 2-4 year period.Then, 2 choices.

Not only will it help you analyzing deals but will also, dramatically, increase your knowledge on the finer points. 

I definitely won't be selling anything as all the properties I have had to work to find via private sellers/off market and are in great areas and will dramatically increase in value. 

In Indianapolis, even in 'good' neighborhoods, things can change dramatically (e.g. 50% change in sales prices / market value) in the space of a few blocks.