Investing is not up or down market specific, strategies are up or down market specific.Research areas can be based on cap rates, purchase prices, rents, other investors in the market, neighborhoods, crime, business growth, population growth, business journals, even some great data resources from large companies like Marcus and Millichap.

Ugly house, great neighborhood.

I'm hoping to buy the place closer to $69,000-$72,000 depending on rehab requirements and neighborhood not being great. 

I bought a triplex in a decent neighborhood in Lewiston through an FHA mortgage in the fall.

His stuff was all out on the sidewalk on moving night and I even picked up a few chairs, a TV set, and microwave, after turning down his offers to sell me some of the stuff, before neighborhood scavengers got to it. 

Here is the quick pros and cons on both.Gloucester: Pros -  Good tenant pool, strong schools, most houses have public utilities, consider the more desirable area of Sicklerville by the local populationCons - higher taxes, pulling permits takes the full ~21 days, higher home prices, overall thinner marginsWinslow:Pros - Lower cost houses, rental friendly township, strong demand for rentals, slowly up & coming in certain neighborhoods, lower taxes, overall fatter marginsCons - Lots of C and D neighborhoods and lackluster tenant pools, poor schools, the more east you get the more well/oil/septic you find, considered less desirable area of Sicklerville by the local populationBy the numbers both GC and WT have similar rent rolls only off by $100 to $200 depending on the house type, therefore Winslow you will net more but have a slightly riskier houseAgain this is just a general view, you'll want to look at each sub-division as there are massive swings within each twp (Ex: Brittany Woods compared to Cobblestone in GC)

If you can get your hands on a small multi, holding the property until the neighborhood is ready for condo conversion can be extremely profitable.

RESPONSE: Heavily dependent upon your personal preferences as to what neighborhoods you prefer.

I am in the process of assembling a team for a flip on a MF property in the South Shore neighborhood of Chicago.

Great neighborhood, bordered by a meandering creek and mature trees.