Would you trade good location for high cash flow?

[Jonathan Wheeler]

So I am trying to figure out if it's worth investing in a bad area of town simply for a higher cash flowing scenario. Property values may never rise much, but for the price it will be really easy to maintain positive cash flow. For instance, a 5 unit building could go for $50k or less. I realize it's more headache dealing with lower quality tenants and that maintenance costs will be higher, but it's hard to think that I can't make a decent profit with a 30%-40% maybe even as high as a 50% cap.