In studios you are dealing with a certain demographic that is typically on the lower end of the income spectrum and with that comes a whole host of challenges.

@Bruce Woodruff I think our definitions or how we feel about. words like rough, low risk, etc etc are on different spectrums.

Eager and smart are two different poles on the spectrum.

Thanks for the response.Seems like there is a full spectrum for "Vacant".

(maybe we should have sent a nice message to list the property as we are realtors).On the other end of the spectrum (Baltimore city) the texts are more responsive and the “we will buy your house cash” more so works in that area as it is lower end.

There is no wrong answers here.Buying in rougher neighborhoods can be very lucrative.Landlords are there for a reason.However, you must count the costs of doing business in these areas and determine if this is the right venue for you.If you do decide to go this route, consider section 8 housing.The beautiful thing about this type of rental is that the money comes in like clockwork and will be on the higher spectrum of the rent scale.Further, you should still do your own screening but you have the benefit of knowing that the municipality screened them as well regarding criminal and such as well.If the tenant breaks the rules of your lease, they stand not only to be kicked out of your place, but may also get kicked out of the program as well. 

On the other spectrum you may get an Architect that is expecting to develop fully detailed drawings, with many design revision meetings held with you to find the "perfect" plan and 3D design, along with selecting all materials, finishes, and even provide some construction management services.

My city fees were also on the low end of the spectrum since square footage / project cost directly impacts these amounts and I was definitely building small and lean.

That's where you're going to find your largest selection of properties to potentially buy and your largest pool of buyers to resell to.The thing about flipping in the lower end of the spectrum is that it's WAAAAY too easy to over-improve the property.

Trust me I have a friends on both sides of the spectrum and happiness lies within yourself and not how many doors you have.1) What is your money passive income number you want?