buying a 10k House For sale

[Frankie Betancourt]

Hello let me start off by saying i do not own any real estate but been  educating myself on the subject for about 1 month now and would like to invest my mother owns 3 property  in the same neighborhood and there is a old man selling hes home in the same neighborhood as well for 10k cash i have the money to buy and plan on renting out for 500$ a month but the problem is i live in detroit meaning it is very ghetto, violence, and abandon burned houses etc...and the house needs minor repairs maby about 2-3k total should i buy this home or get a co-sighn of a loan with my mother for 50k and buy somewhere else? thanks