Investing in low income areas
I know local investors are investing in these areas for the cash flow and don't care about appreciation as much. I believe there is an opportunity here for investors with strong systems and the patience to deal with lower-class tenants. Some investors will tell you a certain location is a warzone when in reality the location is beginning to turn around and could be promising in the future. Where do investors go wrong investing in these areas? I am looking to start a discussion where investors can talk about their horror and success stories in these types of locations.
Thank you for your time!