House Hacking in low income area

[Devin Voelker]

Hey everyone, I'm looking at a property in a low-income / industrial area this area is not crime-riddled or anything it's just kinda run down a lot of trailers and open land outside of Jacksonville the average home value in the area is around 180k. The property I'm looking at is turn key and would cashflow $600 with all  units rented but I'm going to live in the main house for a year and would only pay $300-$400 a month to live there that number includes vacancy, repairs, and capex. my question is would this be a good first investment? I'm just a little worried about the quality of tenants this property would attract and I don't see much growth happening in this area for a long time.