If you're that big a risk taker, take the money to a casino and put it on red.If you're roof collapses and your furnance dies, where are your cash reserves - then your tenant (who will be a pro at this in poor neighborhoods) will withhold rent for unacceptable living conditions.Be careful and stay away from sales pitches.

A city that I feel very confidently about would be in Everett where there is not any regulations in place yet but given that the new casino is opening in June 2019, there is a large demand for unit at the moment. 

I am a professional poker player in LA and had some connections through Hollywood Park Casino (The site of the new LA Rams and the large development) that gave me inclination to invest there.

The downtown area near the casino, falls is located in one of the most scenic areas in US, but almost a ghetto.

Priscilla i like the downtown area especially since it has a casino.

The price and they are building a 50 million dollar casino at the edge of town How did you find this deal and how did you negotiate it?

Get quick cash for the casino"....HAHAHAHAH CLASSIC!!

@Mike Makkar  I crack up at your comment that Texas building costs are so high.. our costs are well over double what you guys pay you have some of the cheapest in the country.. you can build pretty cheap in metro Atlanta as well.land in the path of progress makes more millionaires than any buy and hold scenario unless you have A lot of buy and hold capacity..I bought a 4 acre piece in CA. in 1994 for 28k  NON buildable but bordered city.. it just finally got brought in.. and across the street the largest Indian gaming casino in the state was built over 300 million project.. we are about to get upzoned to flex resi commercial and I think my value at that time is about 3 million...

It has a college, decent pricing and I have some inside info through a family I know out there (10 kids grew up there :) ).Bear in mind you have Casinos coming into Everett and Springfield.  

The parimutuel horse track and casino, Hoosier Downs owned and operated by Churchill Downs, is a significant attraction to local patrons given the local mall is basically non-existent.