VERY low income rentals

[Kyle Richter]

I've gotten some really good advice here and am looking for some more....I've tried the middle class rentals, and all though there is no problem finding tenants in my area, 50% rule is out. but the rent covers the cost of the properties plus a little for myself and I have the equity to look forward to....there's just not much cash flow. On the other hand I see a lot of low value properties in an area close to mine for sale....and compairing the houses listed for rent to the houses listed for sale...there seems to be some good possiblities for cash flow there...Slum Lord I guess would sum it up the best....Is there something I'm missing about doing this...I'm seeing houses selling for $50k and houses rented on the same street for $900 a month.