Low End Rehab Questions

[David Humphrey]

Hey everybody,

Had a quick question to gauge the opinions of BP. NO holds barred, let me know what you think.

There are a large number of $12-15k properties in my area that need $10k worth of work on average.  ARVs in the $40-45k region.  I'm not looking for a critique of the numbers though.

These houses aren't in the best areas, and would be a rehab/rental that I would sell as such.  Working class poor is what I would describe these neighborhoods as. These would be hands off projects.  Is it worth the time and effort to get these properties, or do you think that generally landlords would do this themselves?  Just asking for some advice on a tricky area of the market.  

Thanks to everyone in advance!

PS.  Rents would be in the $600-700 range.