Baltimore City/County REI - First Time Buyer Advice

[Rafay Ashar]

Hello Everyone,

I am looking to buy my first rental property in MD. Focusing on Baltimore City and Baltimore County as it is close to where I live.

I want to be able to pay for the house in cash (due to various reasons, I do not wish to take a loan, finance etc. I will strictly pay in cash). As such, I am looking for a house in the 60K-70K range (including any necessary repairs). A little deviation from this range is fine.

I am open to renting the property to Section 8 (Housing Choice Voucher) and non-Section 8 tenants.

So my question is, I have seen some houses on foreclosure, or otherwise on sale, in the 40K-70K range in the Belair-Edison area and Wilson Park area. What do you guys think of these two locations? Are these good locations to put up a house on rent? Any other recommendations for neighborhoods I should check out in Baltimore city or County?

Any advice for first time buyer appreciated. Thanks!