You may get a better return on a 6 month CD from the local bank.

There's a couple condo communities that are closer to C/D inside their respective community walls, but the general area is quite nice and safe..  

What are tenant profiles According to different neighborhoods classes (A,B,C,D)?

A big agent player in this space is going to do 100x the volume of the unlicensed wholesaler types.

@Gregory Chadwell"I’ve learned on my multi families just go there on the fourth"This is a bad business practice, landlords should never be picking up a tenants rent, unless you are managing a C/D property, even then it is not good.

Starting out I strongly recommend buying a performing note so you understand the process and players.

Best way to pierce into Austin as a newbie is to network with other big players and top brokers. join as a LP on a deal to learn it while building your portfolio. if you want a place thats hot but less espensive then north dallas ftworth.. if you want great value add we can help you here in san antonio

In Chicago you can hit .07-.08 in A/B and .09-1% in the C class areas,and over 1% in the C-/D class areas. 

If your capital situation means you can only afford something in a C/D neighborhood right now, WAIT until you have the capital to invest in something a bit more stable or find a partner.

Hard-to-impossible to get A/B tenants in a C/D area.