Just a thought for consideration:
New York was considered C Minus Property Market in the late 80s and early 90s.
Crime, Corruption, and with poor Public administration.
And Look at where the City is now!
The smart ones bought apartments for 20K and are now worth 1.5 million plus.
They managed to hold on despite the headaches.
Gentrification and Lifecycles of a City from Boom to Bust to Boom again are very real.
And it happens in every City - from Ancient Rome to modern Beijing.
Pick the right City with attributes and drivers for growth, and follow the money trail.
Where are the Investments going in?
Fiat Crysler just announced a 2.5 billion dollar Jeep plant on the east side of Detroit (18.May.19).
Greektown casino was bought for 1 billion dollars today by investors seeing the potential (23.May.19).
Investors who bought in downtown Detroit in 2014 have already seen their pockets bulge 3-4 times.
The believers argue that the cascades are now on to the Detroit suburbs and it's metro.
And there is REAL opportunity for those seeking High Yields and Cap Growth.
Stay with the program and get Property management right. Frustrations can come and go.
Remember why you invested here in the first place.
And never forget and doubt that, when you bought in the Cs and Ds,
Because the hand on the clock that say 6 today will say 12 tomorrow...
Or will remain in 6 if one bought in a City that has zero potential even 10 years later.
Just my thoughts,
Happy and successful investing,