Would you just buy a property for a rental ROI?

[Joshua D.]

Should i buy properties with no equity just rental income. I usually get grand slams with a mixture of both but looking at a nice house in a really crappy neighborhood. It would cashflow and is huge and big has potential Purchase would be $16,000 buying as is. 5 bedroom 2.5 baths sold as is needs work and cleaned out. thinking $10-15k repairs to make it rent.