What's your "system" for c/d rental areas?

[Gordon Starr]

Hi BP! Rougher, "less desirable" parts of town get a lot of negative comments. Higher risk, not for out-of-town investors, tenants who demolish your place. All that is probably true. Yet, I just keep doing the same thing with each new acquisition and it just keeps making ROI north of 20% and appreciation to boot. I thought it would be helpful to have a thread where successful c/d players share how they make it work. So, what is your "system" for c/d rentals? Also, what is a key piece of advise for new investors interested in buying this space? Thanks in advance, Gordon.