Home prices remain low and rent demands remain strong. 

I'm assuming if it's a buy and hold you're accounting for the highs and lows the RE industry goes through?

If your budget is low try Bayonne a little further south but still fairly easy to get to Manhattan.

Check out the Spokane market, some great opportunity with very low vacancy rates.

Management is low margin and full of headaches...maybe not with only one property but even with one...picking the wrong tenant or not knowing how to hire the right repair contractor can cause problems and ultimately vacancy...vacancy kills profit...My two cents.Greg

I don’t like the idea of a lock because it is low class for where my building is.

Cant try to low ball.

This is were he has rent set at currently however it is relatively low.

Milwaukee will look cheap to you, but my recommendation is to stay away from low income and high crime areas and invest in areas with better school districts, especially if you are investing for someone else, you want to make sure you are buying a quality asset that will perform well past year one.See you around!

The type that will best for you will depend on your situations and investment goals.A self-directed IRA custodian/administrator is best if you will be making a singular more static investment with a relatively low dollar amount.