Rationalizing buying a bad property just because a particular market that doesn't give you good numbers is local, isn't a good idea anyway. 

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

They have a large amount of bad debt that negatively affects their finances.  

The people who do own properties don't live in these neighborhoods and get no vote so the only Politicians who win in these areas are the ones who say "Landlord bad, Free Rent Good."

I had my fair share of bad hires, here is a list of things I have experienced:- did not show up for job, only shows up occasionally, way behind schedule- horrible quality, had to rip everything out again- left job a mess, did not clean up- constantly complaining about or asking for more money, extra charges- excuses, sob stories, personal drama- ghosting, especially after getting paid, poor communication

Problem solved.Sure, but to get the attention of a US citizen, you can report his bad debt to the credit reporting bureaus and the next landlord gets notification.

Ok, you have $5,000 of taxable income, at ordinary rates (the bad kind).Oh, it's completely worthless, you say, like $0 value?

This area may be better for a spec type owner occupant build.Based on experience, your first construction project will be a lot, but can be a huge learning experience.Not in a bad way, but it’s a lot to take on unless you have time, systems, and a GC you trust.That said...4.

more bad news....https://www.wfla.com/news/pinellas-county/imminent-threat-re...https://www.fox4news.com/news/plano-orders-evacuation-evana-...

It’s not hard, but it’s more hands-on unless you build systems:Automated rent collectionPre-set house rulesWeekly cleaning (either you or a cleaner)Clear communication expectationsOnce the systems are in place, it’s not bad.