Investing in a rough area

[Account Closed]

I recently found a property which cash flowed great but the area was lousy. The deal was a bit overpriced according to my standards but still profitable. When I drove by it I could tell the neighborhood was alittle rough and streets were alittle be up and needed repair.  Has anyone bought in a bad area just for the cash flow? Pros/Cons of this and what was your exit strategy?

[Joel Owens]

Get ready to deal with a massive headache and the yield to be lower than you expected.