I just refinanced existing stuff at low rates, and have been mostly been on the sidelines.For middle class housing, in the past, a good rental was often in a desirable school district, but had some other undesirable trait so you could buy it cheaply, below the rest of the market. 

If I were you I'd focus my time/energy in finding under priced off market deals in your current market or maybe a peripheral market 1 hour away.

If you want to truly solve the problem of a seller who is trying to unload an undesirable property, help them find a buyer who will give them a legit price.

Monthly Cash Flow keeps you in the rental game and provides you with the ability to pay the mortgage on the investment but the extra cash flow provides you with a pat on the back each month to keep going and sometimes tolerate undesirable tenants.In the event there is a recession "R", your monthly cash flow should help you to get through the though times. 

Adding to the complexity, there are pockets of good and bad in Sac which could make something close to Natomas a undesirable hood.

I can handle it, but it's undesirable.

.$600 to $700 – Undesirable 1 BedroomBetween $600 and $700 the 1 bedroom becomes available.

People buy crap condos in undesirable areas and don't understand why the tenants don't flock to them.  

Dumpy and unsafe are two very different things.In the hamburger example, I am not talking about edible but undesirable food.

Mostly in the central area and suginami type peripheral neighborhoods.