Turnkey with high cashflow in great area... Not sure about that.

[William S.]

Hello All,

I'm just getting started in investing and have been reading several financial blogs lately... They all seem to be jumping for joy on their cashflow property that is bringing in $300/m net that cost them around $50,000 to purchase. These are out of state turnkey investments that they say are in a "C class neighborhoods," however I'd disagree. More like war zones if you'd ask me.

I haven't been able to find any of these bloggers/investors who have held their turnkey investment in so called "C class neighborhoods," for more than a year... Does anyone have a similar investment that has stood the test of time? Owned it for more than 5 years roughly? I'd be really interested to see how these investments last once you factor in a longer time horizon, allowing for theft and bad tenets to do damage...

A house that cost only $50,000 that brings in $300/m sounds great, but... In those kinds of neighborhoods...? Not sure if that's profitable long term. Thoughts?

Thanks!