houston multifamily

[Jack W. Wong]

I'm looking to invest in a multifamily in houston and I was wondering for those who have this type of property in their portfolio what areas did they invest in and why?

The multifamilies within my price range 300-400k are located in slum areas and the ones that are in better neighborhoods don't tend to cash flow. 

I feel like from the multifamily choices I have found the choice is either to be a slum lord  and cash flow big or no cash flow and bet on capital gain. 

We all know houston prices are going through the roof so the way I see it is that its a matter of time until the property prices shoot up especially downtown houston.