I believe investment diversity is a good thing. 

You guys were SO right about the diversity of housing stock.. and that was just a few areas!  

I recommend finding a market that has the following: good employment trends (it should beat the national  unemployment rate)job diversity (no one industry makes up more than 40% of the economy - the lower the % the better) good supply and demand - check out the availability of homes compared to the # of people looking (it's called the Absorption rate) a good team that is experienced and you trust (probably the most important because the money is in the execution of the biz plan, not creating the biz plan) 

Employment growth, Corporate expansion, Job diversity and wage growth will be several factors that will impact the direction of rents.  

IMO for or someone like @Michael Blitshtein overseas this is a much more reasonable method to deploy his available 30 K across  5 or 6 diverse investments and reduce his risk and management headache vastly as compared to one 30K D grade property.

If you rely entirely on rental income for your income, you should have enough properties & diversity that the loss of income from one location will not bankrupt you or force you into making a bad financial decision to recover/replace the income, and enough cash reserves to weather any local downturns.

That’s great news, because as an investor yourself, you benefits from having a diverse selection of deals from which to choose.

Thanks.My investment goals are to buy rental properties and would personally prefer a bigger city in the warmer climates, with a diverse population and good job market.

Buy in the lower-end areas for the great cash flow and then diverse your portfolio with some higher-end product as more of an equity play.

I have a pretty diverse career history, primarily in business to business sales and event/wedding planning.