First Deal - Investing in St. Johns area

[Andres Ayala]

This would be my first time investing in real estate and am very excited to get the ball rolling! I would like to ask anyone for their advice/experience investing in the St. Johns area. I drove that area about two years ago and did not feel very safe while doing so. I am noticing A LOT of new construction homes in the area and I am guessing that there is some Gentrification happening in that area. Anyone in Austin that knows or is aware on the appreciation or gentrification of that area? Should I consider investing in this area since it is very close to Crestview/Highland area which has just about exploded in the past couple of years, I believe this area is changing and was going to ask for some advice. If anyone has any please let me know, any help is greatly appreciated! 

[Kris Wong]

These are full cosmetic rehabs. We do not go down to the studs, but do replace all the cabinetry, flooring, and what not. Around $50 - $60K for all 4 units. Rents are $1200 for 2/1.