I would for sure! As the previous posters state, the prices are right at present. Further, there is a huge market of potential renters who have had unfortunate financial reversals and who may never be able to purchase another home due to FICO problems. They will always be renters. FICO is not our friend. They are continually trashing credit scores for things that are out of the control of the public. For instance, you can't control when Visa cuts your credit line and as a result, your balance to line of credit is lowered. You can't control it if your car payment is sent to Maine instead of Missouri (this happened to me!!! My payment was returned to me even though it was addressed properly and it resulted in a late payment strike!)
So... get that income property while the prices are low. Just be sure that it has what people want to rent.. 3 or more bedrooms for a house, 2 or more for a condo. Watch "Designed to Sell" and "Income Property" on TV and get them looking spiffy so you can get top dollar!
Good luck!
Margie K.