What's different in Nebraska?

[Jessica O.]

Hi all - 

We've mostly stayed local in our RE investing in Colorado, and are looking to start stretching out to other markets. In the area of CO we're in, cash flow is typically break even or a little higher -- but it's very solidly an appreciation market - prices are high. In looking at some of the properties I've found in Nebraska (primarily multi-family) - it looks to be the opposite: property prices are relatively lower than CO (although there are some flips that seem to have big gains in the last 2 years), and cash flow is higher per unit. Does this match with your experience? What are other things that seem 'different' about NE real estate? Higher/lower vacancies? Older properties?