Listing a Wholesale Property in a Small Town

[Joseph Hernandez]

Hi. I'm trying to wholesale a sub to pre-foreclosure in a small town in Alabama (36022). Population is 1,500 and county size is 90,000. Equity is about $47,000 and arrears is about the same amount. Rate is 3.875. PITI is $1,400 and rental payments nearby are about $2,400. As an investor, would you consider purchasing this property if you were in the market to buy a rental property in this area? i'm wanting to know if I should pursue this lead because the city population is only 1,500. Thanks.