What does it mean when there is a high bankruptcy rate in a small town with no obvious reason? Should we still consider that real estate as an investment opportunity?
There is a reason for everything you just have to dig for it What is the employment rate,crime rate ,average wage ,cost of living, is population decreasing ,did a large employer leave town etc,etc
I agree with @Steven Picker. How long has the bankruptcy rate been high? Have you asked a local banker or realtor for their thoughts? The reason is undoubtedly market driven. I would be interested in finding out what you learn!