rentals and location.
I have read many times on here that most would not get rentals in areas that are not very appealing to most. Very low income areas.
In my city, like in most we have certian areas that seem to have lots and lots of bank owned properties. Prices usually range from 65K and down. These places really need work as well. I would need to get a real deal in order to actually buy one.
So what are the Pros and Cons of this? Seems like a Pro would be that you could get property for very cheap, but the cons would be that it may be hard to get the rent out of it that you need and its not a area most would want to live.
For thoes of you who own rentals do you deal in areas like this or just avoid it all together?