I am asking for knowledgeable opinions on good locations for buying either residential property for immediate income or a small, undeveloped commercial parcel for long term investment.

I know real estate very well where I used to live in a Great Lakes state. The zoning laws and required infrastructure are very stable. I have lived here for almost a year now but the politics and federal involvement in NOLA are confusing and it could be very risky for a private investor.

I can hold off on buying, but then everything goes to insider speculators. Any suggestions?

I can handle about a ten unit apt complex on my own, with an on-site super instead of using a property management company.

I don’t want to be part of a consortium to buy commercial property. I’d rather hold on to a small parcel for years and see what develops around it. Then eirther sell or build.