"Worst house on block"

[Shane M]

I've read posts about the "worst house on the block" in a good neighborhood, is that what most of you would consider ideal? Granted all of the other factors worked out. What are some of the benefits of this situation. I would think:

1) Bigger margin because you buy in cheap b/c of rehab but also comparing to nearby comps
2) Better chance of selling sooner

Anything else you can think of? Any disadvantages?