Don’t make the mistake In falling for cheap Purchase price and high returns which you can find in undesirable neighborhoods but they come w a price.

Hello BP, I need advise as to how to go about this. I have a duplex close in an ok neighborhood. Unfortunately, the house next door went into foreclosure and is now filled with people who sit outside all day, drinking...

You need to understand your market and adjust that % for more desirable or undesirable areas. 

What is the purpose of a background check if not to rule out the undesirable?

Otherwise, you could end up in an undesirable living situation.Hope that helps, best of luck!

You don't want to get stuck with "undesireables" in your place.

The issue for BP readers and many is that with the free fall of Detroit proper RE prices it brought in the undesirable from the US marketing companies partnering with GB or AU marketing companies sending over pretty pictures of this cute Detroit bungalow for 75k that they just bought for 5k and put 10k into.... there was a lot of significant profiteering and then of course the management issue you speak of are legendary... having all these homes sold to foreigners and out of state folks that eventually give up.. .does not help either does not help the area and certainly does not help the investor.. then the locals who know what they are doing live it and breath it every day they swoop in and pick up the great deals...

@Mark WeinstockIn these parts those kind of "side deals" would put the bank agent in the unemployment line and land you both in a very undesirable legal mess.

A month to month is great because this helps against getting stuck with undesired scenarios.

This parcel has some unique challenges that may make it undesirable.