Low Income Investing

[Garrett White]

As an investor, what is your limit regarding investing in Low income areas? For instance, I just saw a MF in a low income area come on the market that is around a 12 cap. The property is located in an area where the value of homes have remained stagnant for nearly 20 years. However, like I said, it cash flows strongly due to it being Section 8. If the numbers make sense even when you factor in additional maintenance for repairs, would you invest in it strictly for the cash flow as long as crime isn't ridiculously bad, or would you steal clear and why? Thanks!