Even at that I do face economic challenges and pitfalls, I am not protected against future rate changes.It can be done, but it’s definitely not as “easy” or as simply lucrative as many guru’s teach.

@Jagan ReddyThere is physical occupancy versus economic occupancy.

Coupled with the economic slowdown that's occurring, I'd be cautious to say the least.

Coos Bay in particular was primarily a timber town and has had some difficult economic periods since it's hey day, but the downtown has grown up, there's yoga, a farmer's market and even a new Starbucks (which by the way you buy the brand new building they lease from!)

In mortgage rate/bond world, the next set of economic reports (Jobs, inflation, retail sales, etc) can always change the picture quickly. 

@Ryan Arth, I'm interested in multifamily homes in C class neighborhoods or better that are at least economically stable.

Some buyers (think Cary NC in the 1990s) are looking for attributes not related to economic value, like: common areas, access to public transportation, proximity to parks, etc.

This is dependent on the city's long-term economic growth.Natural disaster risk: Certain locations are more prone to natural disasters, such as hurricanes, tornadoes, earthquakes, fires, and floods.

However long they can hang on for or until it isn't economically feasible - whichever comes first. 

Economic fluctuations can impact property values.Detroit, Michigan:Pros: Detroit offers low property prices and potential for high returns on investment.