The answer is ALL OVER. The bottom line to me is always cash flow. As long as the yield is good, and the property is in good shape, then it's a good buy. Anyone who buy real estate property hoping for capital appreciation (hoping the housing price goes up) will be in for a rude awakening when the negative monthly cash flow force you into bankruptcy.

IMHO, real estate is a "local" investment. If you don't know the area and only read about the "boom" in the paper, chances are you'll lose money. The problems are many people don't share their bad experience. So the success often skewed the failure stories.