Buying in urban city areas (detroit) (saginaw)

[Corey Woodruff]

does anyone have any advice on whether buying and renting the smaller 5000 dollar homes to rent same situation in saginaw, would this be a terrible idea and does anyone have any experience on it.... i would be buying single family homes with cash in Detroit and saginaw areas for cheap, putting little bit of money into them and renting them out. I definitely see them cash flowing but I just wondered if anyone has any horror stories and advice on it 

Thanks