Why to avoid < 50 k properties

[David Song]

If a house sells 50 k and rent for 1000, it meets 2% rule. But actually I think it is not necessarily a good investment. Assuming SFR, 1500 sf, 3 be 2 ba, in small Midwest town. Move on ready. 30 years old. No renovation. Why?

[Greg H.]

Typical perception from the West Coasters that all Sub 50K properties are dumps in the ghetto.  My worst rental exceeds 2% and some exceed 5%

Purchased 2017 for less than $30K

22K Purchase in 2016

14K Purchase in 2016 on 3 acres rented for $850

I can go on and on.  Blanket statements just do not work in real estate investing