Are bad neighborhoods really bad if you have a property manager?

[Zachary Schimenz]

I hear the advice pretty often that you want to stay away from D neighborhoods, but if you're hiring a property manager anyway, why  does this matter? You won't have to visit the property anyway, so as long as the numbers work out wouldn't it be a good deal?

Let me know if I'm missing something!

[Frank Jiang]

Yes, you're missing the fact that "the numbers" presented with this class of property never coincides with reality.

Don't buy this asset class.  Property management isn't going to save you. Exactly how much legwork do you think a PM is going to do for you for a measly $60 per month?  If you think they're going to drop everything else and save your property when your tenant completely destroys your house just for a tiny monthly fee and a modest tenant placement fee, you're dreaming.

If you insist on moving forward, I'd highly recommend just buying lottery tickets instead. Probably a better ROI.