I also like Oak Park, Forest Park, and River Forest however the barrier to entry is a bit higher in those neighborhoods.If that deal doesn't work on to the next one!

Also, keep in mind that you should have enough profit (NOI minus principal and interest) to be able to realize a reasonable rate of return and still be able to set aside some money for capital expenditures - for example, money for new roofing, paving repairs for drives and parking areas, etc.In the end, you have to get to the other side of analysis though.

I had a previous post where I was looking for a 3BR place <$300K near the theme parks in Orlando.

Harrowgate is up and coming in my opinion, even though people still may call it Needle Park.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Understand exactly how big is the structure, how are you orient the structural, what's the access situation, parking situation, driveway, landscape, and waste water management. 

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Quote from @Jason Park: Quote from @David Vaughn: Hello my name is David.

Understand the exit (lending) and you can determine how much cash you're going to need to park into a single deal. 

I have also looked in areas like La Mesa, North park, Clairemont.