Locations vary from out in the boondocks to close in but bumping against undesirable uses near highways, dumps, etc.

Looks like you are buying at an after repair 9 cap, which is pretty decent, this deal does not sound bad to me unless it is in a undesirable market like Flint, MI. 

We have a tenant that we're trying to get rid of. They pay rent on time but we've had numerous complaints from neighbors about them using bad language, being disruptive, and threatening. I posted a 24 house notice yes...

The building stock in New York City is already old and undesirable compared to newer cities.

There is something to be said for Functional Obsolescence and the house may just have an undesirable layout.

Home rents have not fallen even in the undesirable locations of the city and have actually increased about 20% since March.

Remember you only need one qualified applicant so setting a higher score will eliminate undesirables and save you time when screening.

I understand somebody needs to get paid for doing undesirable things, but sharing more than 50% profits while taking all the risk makes rentals look like very poor risk-adjusted investments.

I'm not sure this will ever change, and I'm not sure beachfront will ever be a 10 cap again unless you're looking in a very undesirable STR area.People have traditionally bought beach homes as true 2nd homes. 

Melbourne is across the river and Melbourne Beach is a few miles south.I agree with the others that this is likely not a good deal at this price but what makes it more of a bad deal for me is this particular street looks very undesirable.