It has a large blue-collar workforce and I'm starting to see a trend where many people who work in Chicago are moving to parts of Northwest Indiana since it's a short drive away from Chicago and houses are much cheaper, along with much lower property tax and cost of living.

Not many rentals in these neighborhoods B - more like your working class, some white collar and some blue collar further along in careers.

Interest received is interest income.Then there are collateral and foreclosure matters you need to look at.That's another, jack up the price issue, if the property comes back to you, as a deed-in-lieu-of-foreclosure, you'll be paying taxes on an artificial price, blue sky, and any sale later may not cover that, so it's a loss.

I could not do this in the Blue collar areas at all there you need someone on the ground or you will have it far worse.

Blue chip neighborhoods tend to be less riskier since in down turns they don't lose as much value.

I'm basically just VFR too...I like instruments but I really like a clear blue day ;) If I'm ever around Milwaukee, maybe I'll reach out...I've never been in a V-tail!

If BP is a blue chip, then Subto will be a growing new star.

- White collar jobs vs Blue Collar jobsE - External Influences - Industry and Job Market (Are there businesses starving for employees?)

I look at population trends far as growth and decline, age demographics, and very importantly is what the focus of the local government is; are they growth-focused or a bunch of lazy old "blue-hairs" doing what they've always done because that's what they've always done? 

I personally prefer North End Neighborhood St Paul or parts of Frog Town St Paul, likely similar return as compared to N Minne, but to me somehow seems a little more calm & blue-collar, but I admit I haven't compared the crime stats...