As @Taylor L. mentioned your surroundings play a big role in value and upside potential. 

@Jonathan L Berhow-Rivera Congratulations!

@Jonathan L Berhow-RiveraHere's what I do so far asit relates to collecting rent,1.

@Pat L. 

Thanks @Cody L.! 

Sure you might find that diamond in the rough, but more likely then not you will lose your shirt.As you gain more experience like @Cody L. you will start finding the high value guys at lower cost.

@Taylor L.

L-ville pretty much the whole west side if you want a project. lol I would not recommend it though.

Here's the list:(A) rezone for densities necessary to assure the production of moderate income housing;(B) facilitate the rehabilitation or expansion of infrastructure that will encourage the construction of moderate income housing;(C) [encourage] facilitate the rehabilitation of existing uninhabitable housing stock into moderate income housing;(D) consider general fund subsidies or other sources of revenue to waive construction related fees that are otherwise generally imposed by the city;(E) create or allow for, and reduce regulations related to, accessory dwelling units in residential zones;(F) allow for higher density or moderate income residential development in commercial and mixed-use zones, commercial centers, or employment centers;(G) encourage higher density or moderate income residential development near major transit investment corridors;(H) eliminate or reduce parking requirements for residential development where a resident is less likely to rely on the resident's own vehicle, such as residential development near major transit investment corridors or senior living facilities;(I) allow for single room occupancy developments;(J) implement zoning incentives for low to moderate income units in new developments;(K) utilize strategies that preserve subsidized low to moderate income units on a long-term basis;(L) preserve existing moderate income housing;(M) reduce impact fees, as defined in Section 11-36a-102, related to low and moderate income housing;(N) participate in a community land trust program for low or moderate income housing;(O) implement a mortgage assistance program for employees of the municipality or of an employer that provides contracted services to the municipality;(P) apply for or partner with an entity that applies for state or federal funds or tax incentives to promote the construction of moderate income housing;(Q) apply for or partner with an entity that applies for programs offered by the Utah Housing Corporation within that agency's funding capacity;(R) apply for or partner with an entity that applies for affordable housing programs administered by the Department of Workforce Services;(S) apply for or partner with an entity that applies for programs administered by an association of governments established by an interlocal agreement under Title 11, Chapter 13, Interlocal Cooperation Act[.]

@Taylor L.