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Updated almost 5 years ago,
Is a rental in a low income area worth it?
My wife and I are looking at purchasing our first rental. We have an area 30 minutes away where homes are very inexpensive. Not the best area, but the numbers work out to a 17% ROI. Does anyone have experience renting in impoverished areas? What are the potential downfalls? What are the pros and cons? Any advice would be greatly appreciated.