Sex offender two doors away

[Dianne Pettitt]

We are interested in making an offer on a HUD brick rancher (4/2) that needs only minor repairs. We plan to flip (or remote possibility, rent). We think that the numbers work for a good deal, BUT we discovered that a violent sex offender lives two doors away. Thinking of exit strategies makes us worry that we will get less for the home when we sell and may even have trouble securing renters. There was a local community publication article on this topic about two months ago, citing significant lower sales prices for areas with sex offenders. The location is good, schools are excellent, but should we pass this one up?