Investing in Affluent Areas?

[Anthony Gioia]

I am in the process of researching the feasibility of investing in a property management franchise.  The territory I am looking at is primarily an affluent area in the North Atlanta suburbs.

Is this a smart move to secure such a location or does it make sense to focus in more distressed territories?  Of course would prefer to engage in higher end, just trying to gauge if the demand will be there.  Are single family homes a target investment to buy and rent?

Thanks for any feedback,