Luxury 5 bedroom 2 story in the hood

[Brandon Craig]

Hi All,

i need some advice. I am about to close on a 600k 2 story 5 bedroom luxury home in south Dallas near the zoo. It’s off Marsalis ave. I main road.  I have witnessed crackheads already my two times there. 

This is for air bnb but if it gets banned in Dallas, which they are deciding soon, will LTR work as a backup?

thanks, brandon

[Austin Johnson]

.... why?

I think you know the answer to this already man. "I've seen crackheads there already the two times I've been there" "in the hood". does your rehab budget account for cleaning up the entire neighborhood too or? I wouldn't purchase a B class house in a D class area. this close to closing and you're just now wondering 'hmm, what happens if they ban STR? then what?'. You should have that answered before even putting in an offer.
all my snide comments aside. what are the driving factors that would attract a potential long term tenant to that property? from your question it sounds like a low class tenant you dont want, living in a luxury house. not my idea of a solid investment.