Buy and Hold

[Nick Zias]

Hi everyone,

I am eager to get started in real estate investing. I have recently located an 8 unit apartment building in my college town that I am interested in purchasing as a rental building. I am worried however, that it is in a bad area of the town and that the building is a bit rundown. The upside is that if I can collect rent for the first two to three years and maintain the building, I will recoup my initial investment and have the building paid off.

Would anyone advise against using a property with these traits as a first rental property?

Thank You!