Section 8/Class D Neighborhood

[Danual Berkley]

I plan to make an offer on the unit listed below.  I will use it as my very first rental property for section 8 housing. It should rent for $750 per month on section 8. 

The unit was broken into earlier this year in February, and needs about 10K in rehab (HWH, furnace, bath tub, paint, flooring). Think I estimated that ok?

The property value may decrease over time. It's in a Class D neighborhood. Its been on the market for 54 days and seller wants 39K. Last sold for 15k in February.  I plan to offer 17k. What are your thoughts? Should I go for it? This is my very first go at it, and worst case scenario I can afford to take a loss.

https://www.zillow.com/homedet...