Live in C/D Neighborhood for a Hack House?

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I live in Northern Virginia and I can't find many cash flowing deals in my area. However I was able to find a 2 bedroom 1.5 bath in what many would consider the "Ghetto" it is under 86k and rents for around 1.1k. It is in a prime location near downtown Fredericksburg, VA. I could rent out the other room for around 500 a month. Then in one year I plan to move onto another deal and rent out the entire townhouse. What do you all think about this; Would you live in an uncomfortable situation to make a deal work?