Investment Property / Wholesaling Property

[Tia Brown]

Hello, I am interested in purchasing rental property and wholesaling properties. I have located a property (good condition) that I can purchase with cash. It only requires some paint and new carpet to turn it into a good rental. My concern is the area is quite distressed, while some of the properties are in decent condition, others are boarded up and an eye sore.  I have always been told when considering real estate LOCATION is key. I'm unsure if I should purchase this property because of the area. Not sure who would rent in such an area. Need some input .......Please Help!!