Gang/drug infested area purchase

[Edouard Pierre]

I went through this great building that needs minimal work (sub $10k)...only issue is when you drive up to the front of the building the street is filled with people just "hanging around". This is a small pocket in an area that will undeniably change within 5-7yrs (proximity to downtown and public transportation). The previous investor did a ton of work to the building and after seeing many that are available right now in other neighborhoods, my contractor said this one was done correctly and is the best so far hands down. 

2-flat with possibility of creating a garden unit for even more income.

Cash on Cash ROI is 16.05% with 10% allocated to property management.

Cashflow: $747.45/month while overestimating all of the variable/fixed landlord expenses

My big question is: Is it worth the headache? I underestimated the amount of rent I could get for each unit just in case. There is a lot of new construction in the surrounding areas...this is simply in a pocket that hasn't been touched yet. I'm eager to get another property but not eager to make my life a living hell...Thank you!