Does location stop you from a great deal?

[Brandon McMullin]

What do you guys think, there is a duplex for sale for 45k, both sides are under contract. one side for $500/month and the other $550/month. I think there is great potential here, but the only part that is stopping me is it is not in the greatest side of town. It is close to high crime areas, or the "ghetto" if you will.

Do you guys let location of real estate stop you from a good deal?