Very marginal Tenants here: sometimes they have eviction or two and put extra security deposits, always pay late fees and once in a while there is an eviction happen.These you can tell by higher crime rate, subsidized school lunches very high, low market value and high %% of rentals (auditor site gives that info as "non owner occupied".The best idea to get a feeling for the areas you'd be comfortable to buy- drive by on Friday evening or Saturday  whole day long.Statistics are good but without personal look you might get mistaken - there are plenty good pockets in bad neighborhoods and vise versa 

**disclaimer: I am a commercial energy auditor and work in the residential sector as well**One thing that all landlords and property owners should do is call their local utilities and see what energy efficiency programs are offered by their utilities.

. - Should be a win-win: he offloads his property with no work and I get a rental for the work I do (all of it I'll do myself) Property numbers: Mortgage balance: $62kARV: 130kCash out 75% = $97,500Expected Rehab: 15kPay friend total of $92,000 = 62k(mortgage payoff) + 15k (rehab) + 15k (cash)Remainder for me: $5,500--------------------------Rental numbers: - Current Rent: $995/month- Monthly Property Tax: $151 (from auditor's website)- Insurance: $65- Vacancy: 8% = $80- CapEx + Maintenance = 10% = $100- Mortgage (5% , 30yr) = $529Cash Flow = $70 (I was away from my spreadsheet when I posted initially, so I was off on cash flow value)-------------------------------Another option my friend is open to is flipping the property and just selling it after the work and splitting the profit 50/50.

(On Maple Street only about 3 blocks long I owned 12 houses...once I bought into the street I found value and became known as a cash buyer who maintained their properties so my phone rang and I shook hands on the street to keep it ringing.)Always check ARIES the Lucas County Auditor site.

I'm an ex auditor. 

My day job is as an auditor at a large regional bank.

I would also make to check the auditor to see what the taxes are and consult an accountant or tax adjustor to estimate what taxes might get re-assessed to.

If you never buy a property and get audited your auditor may see it a different way but hard to dispute if you do purchase a property in the near future that's how it was explained to me but please take this with a grain of salt as I am no Accountant.   

Those that have nothing to hide aren’t afraid of any audit or investigation or press release.

But you can get pretty narrow in your search...the good news is most county auditor sites are now open data...and GIS is getting more user friendly and affordable.