It is financially rewarding, but you'll go on a ride to get there.I've bought a good number of properties in my investing career.

Italy wine and food is better.  

High risk, high reward.

We have them vacate for a few days and put them in a hotel with food vouchers and have the whole place fumigated.

Look for a broker or direct lender that offers strong training and has experience with investor loans.It's a challenging but incredibly rewarding career.

I also worry that if you stage with too much food stuff, guests are going to expect a cheese board, croissant, and wine waiting for them at checkin ;)  

Consider a hybrid model: profit share + fixed contractor agreement.This protects your capital and still rewards his sweat equity.You can definitely make this work — just get everything in writing and set up real guardrails so you’re not the only one taking financial hits.

Business Cards "A" Frame Signs Non Owner Occupieds Paper Signs on Poles Join Community Organizations Hire a Sign "Flipper" Bandit Signs Church Small Groups Hard Money Lenders Door Hangers Sponsor An Event Developer and Builders Hand Outs Charitable Donations Mailmen Flyers Charitable Raffles Your Competitors Title Companies Host or Co-Host a Charitable Function Local Employers Closing Agents Hold a Free "How To" Seminar Rent to Own Stores C.P.A.s Booth at the Home Show Referrals Attorneys Fliers to Weekly Hotels Your Existing Occupants Property Managers Put Up Signs on Your Properties Have Your Voice Message Urge Caller to "Tell a Friend" Financial Planners Ads for Other Properties Free Publicity Financial Advisors Join the BBB Sponsor A "Food Truck" with Your Promo Info Insurance Salesmen Bankruptcy Filings Pay for an Ad on an Ice Cream Truck Investors Court Filings Write Articles for Papers Your Contractors Probate Interviews for Radio, TV, Newspapers Your vendors New Baby Announcements University Bulletin Boards Door To Door Mail to Landlords List on Fizber.com Free Gift Offer Signs at the Gate to an Army Fort Weekly or Community Newspaper Ads Apartment Complexes Signs at the Gate to a Sub Division Bulletin Boards At Safeway/Albertsons/Krogers Mailers Hire a Student To Hand Out Fliers Minor Newspaper Ads FSBO.com Promo Material - Calendars, Notepads Newspaper Weekend Ads Magnet Signs for Your Cars Co-operative Advertising Real Estate Magazines Flying Banners Craigslist FSBO Magazines Trade Shows Website FSBO Signs in Yards Festivals Bus Stop Signs Restaurants Fairs Adopt a Street Sign Restrooms Balloons Laundromats Mail Centers Movie Theater Commercials Car Washes Billboards Rent a McDonald's Sign Auto Shops T-Shirts and Hats E-Mail Blasts Google Ads Twitter Radio Ads Expired MLS Listings Sponsor a Sports Team Free Information Report Open Houses Real Estate Agents Probates Pre-foreclosures Loan Officers

Others chose to enter the world of “syndication” or fund management, where their knowledge, experience and efforts are rewarded with “fee income”, often in the form of some kind of “promote”.

While these neighborhoods may carry perceived risks, they can offer excellent risk-reward opportunities.