Low income city/neighborhood

[Robert Kohalmi]

I am a new investor so this may seem like common sense to some but.. I am thinking of buying a multi family in a relatively low income city. I have heard mostly horror stories from a few investors about bad tenants etc. But I have also heard about a couple of really successful investors in the same city. One of the owns about 50 units and couldn't be happier. Why do some run to these areas to invest while others avoid them like the plague? What are the key factors to look for? Is it all about tenant screening and laying a solid foundation of tenant/landlord expectations.