that would be consider the best out of this undesired situation.

@Frank Boet I don't personally know anything about it, but have seen this local one in Winter Park FL in the news several times and I've read into it quite a bit, Orlando Lake Front Tiny Homes:http://www.orlandolakefrontth.com/It is a 1950's RV park that by road is in  fairly undesirable industrial type location. 

Many Tenants may bring undesirables into a Safe HOW Area...

There are lots of affordable properties in Flint and Burton but their schools are undesirable and the value of the homes seems stagnant.

No lease is great, then you can boot them if they're undesirable or get them to sign one if you want to keep them.

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?

I moved from traditional real estate and never looked back, no more leaky toilets, or undesirable tenants...

Check on the status of the capital markets because a wild and sudden swing in interest rates or a freezing of lending could make your acquisition either undesirable or impossible. 

Yes, there are elements that are undesirable and I don't see were I live by the beach, but such are not a majority.What surprised me first is the ratio of property price vs. rent.