I have also looked at Eastern PA (East Stroudsburg, Scranton, Wilkes-Barre) where prices are more affordable and cash flow numbers look better, but I am concerned about the economy, declining population, and vacancy rates. 

You can make money in whichever areas you like, depending on what is affordable for you, your appetite for risk and what margins you want.  

Although I can afford to move out, I choose to live at home so that I can continue to save and invest.

The multifamily properties are not in A neighborhoods, but I doubt they are in any city affordable to a new investor.

Prices in that market is still much more affordable and rent is still great.Some options you might want to think of are turnkeys, or property management as you stated.When you live out of state, is not easy to manage your own property.

I want to know if they can afford the rent and still meet minimum payments on their other bills.Also check with an attorney or take a Fair Housing class to ensure your rental criteria is non-discriminatory. 

If you had investments here you sell them and go to more affordable ground, at least most of the people the want to grow further in the near term.

so i am wonderingmy grandmother has a reverse mortgage she is going to be giving the house back to the bank in two or three months. it has the original furnace from the 1960's in it and it died so she needs a furnace but she can not afford the furnaceshe owes way more then the house is worthif i buy a new furnace and have it installed will i be able to take it back when she give the house to the bank?

Buffer.It should be a very affordable plan, that provides you with a ton of insulation, and solves most of those common headaches.

The tenants have a low monthly payment that is affordable and I get a reasonable return on my money.