Absolutely! I'd be careful about being a landlord, though. Commercial land/buildings are a better bet.
_________________________________________________
Yeah, I learned my lesson about vetting tenants very early in the game. Now we focus our investment properties around two factors, proximity to a hospital and/or LIRR station. Nurses, techs are a good bet as well as people with solid work in the city. We're looking to expand south now...exploring Jacksonville-Ponte Vedra area condos.
Landlords go through a lot. When my folks house gets auctioned off, we'll be living with my older daughter. I'm hoping to find a HUD home, because I don't have any rental history, no credit, and at the moment am just receiving child support and alimony. No one is going to rent to us. Well yeah, someone will, but I don't want my kids living in Adelanto. Seriously, I've seen what some people can do to an apartment or house. I was hoping to buy vacant land. Someday I will.