Fourplex in rough area

[Darius Lipsey]

I'm a first time investor considering putting an offer on a four plex that location on a solid street in what I'd call a semi-rough area, I wouldn't really want to live there, but as far as I know there isn't a ton of violence, drugs, etc in the immediate area, but definitely more such than a more high income area. At a little below market rents and over conservative numbers it cash flows quite a bit. I know a lot of investors wouldn't invest in lower income areas especially war zones or places that questionable because high evictions, tenants destroying property and all types of hell. So I'm wondering a few things from an experienced point of view what are the differences between investing in SFR Versus MFRs in semi rough areas. Is it possible to get decent tenant with a reasonably strict application process and lease that's enforced? Has making an effort to care without being soft or lax on policies mad differences in landlord/tenant relations in these areas? Or is it a lost cause?