Rental property location

[Chris Perry]

Hey team so i am slowly getting closer to buying my 1st rental property. It will be a house hack so i would like it to be nice but i am willing to sacrifice in terms of both comfort and location. I was watching the podcast and i believe it was the episode with ben leybovich and he said the key to long term success with rental property investing is location. My fear is, that if i sacrifice the location, it will either depreciate naturally or since it is not in a desirable area, after the market evens out, the properties value will never even get back close to what i purchased it for.

I know i should be searching for a deal to make this purchase the best possible case scenario but i am unsure how to tell when it is a deal if its already rehabbed. (Because i do not believe i will have the time or capital to put towards the rehab plus holding cost during the rehab)

Any help will be greatly appreciated. Thanks guys. Have a good day.