Making my first offer out of state rental...would love some input

[Scott Stern]

Hey!

I am about to put in an offer on my first duplex out of state.

I am offering in a city I have never been to, but a mentor of mine has 10-15 properties there any all investing infrastructure set up.

Im reading one of Brandon Turners books and he mentions to be cautious with "rougher" areas which is subjective, especially when you have never been there.

Where the property is located 1. Ive never been though i have boots on the ground already in place but 2. Friends that live there say its "not safe" and there are cheaper and nicer places in the city.

Is the property being in a "not so great" neighborhood a deal breaker? If not, what would be a deal breaker?

Thanks in advance

[Nathan Gesner]

Quote from @Scott Stern:

Properties in low-class neighborhoods are tough. They may pencil out on paper, but reality produces a far different result. You'll be dealing with applicants that have low credit (if any) and that don't care about their credit score, their work history is questionable, increased crime, increased turnovers, higher maintenance costs, etc.

I only recommend these types of properties if you live locally and are very hands-on.