Purchasing and owning a Quadplex

[Bryan Rodriguez]

My wife and I have decided to purchase our 2nd property, Quadplex. This is going to be our 1st landlord property. The Quadplex we have in mind has significant positive cash flow after mortgage and all operating expenses >$400/month. However this property is located in unstable area with a very poor reputation, fortunately closest neighborhood is promising single family home area with a lot of houses getting rehabbed. Two local realtors have recommended not to purchase the property due to poor reputation of the area and our own realtor said he's not going to manage this for us. We have money allocated for initial repairs if needed and we will have handy man on site. Based on our situation, is this investment worth the risk? If so, what are the strategic ways to lower our risk? Thank you in advance!! Hope to hear all the great knowledge