the property across the road in a bad area

[Anthony Gale]

there is a part of the city extremely well off with houses from 125000 2/1, to 1000000 houses, with  two schools running three blocks on one streets a buffer. On the other side of the school are mill homes(smaller 2/1, 3/1 , homes in the 50s and 60s eras) in a 40k to 70k range with lower income and some drug activity. Not a lot of crime but not a great neighbor hood, is it worth trying to invest here? The city is now trying to invest some renovations but it's speculative. Any thoughts or experience with investing in this environment.