Looking at two houses...
for rental investment in not fancy neighborhoods
First on an nicer block in rougher neighbohood..
Second in much nicer neighborhood, but both houses on either side are bad.. knee high weeds, five cars parked out front...
If it wasn't for the two bad neighbors Second house is a better deal by like 50%..
So what do you folks do about bad neighbors?
Focus on the second house. Talk to other neighbors to see what they have done. You are probably getting a better deal BECAUSE of those two bad houses. Find out as much as you can and maybe you will find a way to turn it into a good thing for everybody.