Very low priced rentals available, would you consider it?

[Johnny Lau]

There are 3/1 houses in Alabama that go for 25-35,000 and rent for 550.00 with established renters already in place. So the house is already performing. The numbers are very good considering the price. This is about double the 1% rule. I may buy one just to see how it turns out, after all due diligence of course. Does anyone out there have experience with super low priced SFR?