Houses under $60k worth investing in?

[Drew Sommers]

I've been trying to narrow down markets where investing in SFR makes sense for houses in the sub $60k range. I see these houses all over the west end of Louisville, and I'm wondering if anyone has had any success with them. According to city-data.com the crime rate seems pretty low for an area with such high unemployment. It doesn't look like the taxes are high either.

Does this price range mean there is a lot of deferred maintenance?  Do tenants who rent these places pay late, if at all?  Is rent control about to be implemented?

Thank You