Let's talk "urban" investing...

[Nathan Hall]

Hello again good people! 

I wanted to get input from you on investing in lower income urban neighborhoods. Some call these places "the hood", "the ghetto" or "war zones". In Lansing, we really don't have ghettos or war-zones to that degree. But I grew up in urban Detroit, so my frame of reference is a bit different than others! :) 

Anyway, are there any of you out there that currently invest in these types of areas here in Lansing? I know the cheaper $10-$40k houses tend to work better for landlords & rental/cash flow rather than re-habbers. Using the wholesaling strategy, we are getting solid leads on available houses consistently. Some are nice and need little work and some are beat to death and would need major repair work. 

What are your thoughts??