I live just south of Jamestown but have a rental in East Grand Forks that I rent to medical students.

The city has exploded in the past 5 years due to local health system, Carilon expanding hospital and building new Medical school with Virginia Tech which has brought a lot of out of towners here for jobs and school.

Personally, I am far more active with my investments, even though they are now country-wide in Self Storage facilities.  

Or invest as a LP in a real estate PE fund that consists of multiple assets. e.g. several apartments, or self-storage (SS) facilities, or across a kitchen sink of office, SS, hotel in different market, to diversify. 

@Kirk Perecich, depending on where your rate is now on your 1st mortgage, you could look to refinance that (in hopes to reduce the rate), pay the balance down with the funds you have "just sitting in the bank making nothing" (depending on how large of a sum this is, may or may not make sense), and then open a HELOC to create an open/revolving facility to use for future investments. 

Bad time to invest in “active 55+ communities”, good time to invest in growing urban centers (and hospice care facilities).

@Nathan Shankles a few other items I haven’t seen mentioned yet: IRA directed investments can’t take depreciation, which is why storage facilities, mobile home parks and other land investments are the best choice.Absolutely no sweat equity or personal management would be allowed.

You can rent containers and then rent those out like a storage facility.

He orders medical supplies that are shipped to the station from home. 

Land would be inexpensive but I have no way of knowing expected construction costs for a medium B+ to A facility.