Neighborhoods
I'm looking to be a long distance investor. My area doesn't know what cash flow is.
I've decided to buy in Texas, near Dallas. Assuming i am buying in a middle class area, do I need to worry about the specific neighborhood? or just assume that all neighborhoods in this city and price range will have a very similar vacancy rate and a similar future appreciation?
I just want to be sure the part of town that i choose will be desirable to tenants and will attract high quality tenants. Would all neighborhoods in a given price range be equal in this criteria? I'm assuming middle class neighborhoods in the $70k-$80k price range, not very poor areas.
Thanks