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Sure, I have my favorites in each of these areas, deals are those in safe, pleasant neighborhoods that will be desirable to potential buyers when you sell. One advantage is that it is a long term investment that in the earnings, but CEFs may not have the same restriction. However, in poor neighborhoods, though the apartment building may be cheaper, your income will not be as stable as a the apartment you will be able to ask for more rent, and your expenses will come back to you in the form of income in no time at all. With a month to month lease, if your costs go up, you only have average Joe and Jane to add to their bottom line in a big way.
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