I too, recently have come into some serious cash and am deciding which investment strategy to undergo.

To keep it short south FL is undergoing several $100+ Million dvelopments which will change the city entirely in the next 5 years.

South King and Pierce are undergoing a lot of gentrification as people are priced out of Seattle and move South for affordability.

Look for neighborhoods with potential for growth or those undergoing revitalization, as these areas might offer better returns on investment.Chicago: The Chicago market is more expensive but also offers higher potential rental incomes.

There are still cash flowing deals there, you just need to understand the market.Detroit is undergoing massive investment and revitalization.

I have 12-doors there and the city is undergoing major revitalization. 

Hey Amir B.Unless those rents are extremely below market and/or the property is located in a neighborhood likely to undergo a GREAT deal of appreciation; I am afraid that the property likely won't pencil out and offers very little by way of upside; at least at that price.With $23,880/year Gross Income ($995x2= 1,990/month | 1,990x12 = 23,880), the property would have a GRM of 16.73 at the current list price.

It is on the edge of an area that is undergoing a revitalization. 

Can we actually identify an area right now undergoing the same transition or is just anecdotal reflection.

She is trying to buy it from me and she has no idea what I paid for it.The neighborhood is C/C- The much larger house next door is currently undergoing a full gut and remodel probably $45,000-$50,000.