First Rental Property

[Kamlesh G.]

Hello guys,
I am looking at purchasing 1 of 4 quad-plexes in a small college town.
Although the target demographics are not from the college, it is in the lower-income neighborhood. I am very skeptical of purchasing property in such a poorly maintained neighborhood, and being an absentee landlord. The building was built in 1982, and in fair shape. What are your thoughts on doing an absentee ownership in a fairly degraded neighborhood. FYI the ROI is 20% with 5% down.