If you do have the money, you have a choice to buy this opportunity or not.Essentially, all Investments are a risk.HOWEVER, the more research you do, the more you can reduce that risk.If you do your research and you find out that the adjecent neighborhoods have Gentrified and that they are NOW spilling into the Flatbush area AND you have noticed that the City has invested in public transportation (they opened up a new subway station in the Flatbush area), you can make a fairly intelligent guess that the high price will only get higher, recognizing it as an opportunity.However, if your research does NOT indicate that this property will be at a higher price in the future, and you do not buy this property, you can't get lucky here and have to look elsewhere.Now, let's say you recognized the opportunity AND you were prepared and you BOUGHT this 3 family investment in Flatbush.10 years later, that $1 Million purchase you made in the year 2020 is now worth $2 Million in 2030.What do you think your friends and family would say when you tell them that you bought your 3 Family Flatbush property for $1 Million 10 years ago and you made $1 Million in unrealized profits today in 2030?

It has been extremely difficult to find something affordable where I’m located (south of Boston).

Your goods will be transported free when you move, or leave for a furnished unit. 

The amenities such as shopping, transportation, restaurants, etc are more limited at this time so the demand is lower.

Quote from @Boston Blake: Thanks, everyone for the insightful information, as someone wanting to get a rental property in Denver this is helpful information.

I live in Massachusetts outside of Boston. 

(b) "I know it's a drag getting all the tools and supplies out of a house you just renovated - does anyone need some help loading and transporting stuff?" 

If you lived in NYC, LA, Boston, that may be an asset, but in Kansas it probably hurts more than.

The condo is actually in East Boston. 

Boston Globe editor referred me to AARP, unfortunately the fellow who might be helpful is traveling and not available for possibly 2 weeks.