In my area most buyers pay cash over pay for a duplex for 1M, They gamble on potential rental increase and appreciation.

I love Las Vegas, not even for the gambling but it just offer so. much.

If you find your area had an average income of like 30k, you probably don’t want to invest there.Your numbers may look good on paper but if you have to evict and they trash your unit that’ll be 4K in rehab costs plus whatever legal and lost rent was.If I lived in Chicago I’d go buy in Indiana, right across the state border.

Please see below for some detail about the property.Location: zip code is 46225 just south side of DT Indy (west border line of Bates-Hendricks)Building size: 2746 sqfYear  built: 1920Number of units: 4 units (100% rented)If more detail information is needed please PM me and I could provide actual Property Inspections Report which it has been done just recently.Thank you in advance to all and looking to hear great wisdom.

Convention visitors is down 3% (-100k people)Vacation visitors is down 1% (-180k people)Gambling profits up 4.5% (+ $100 million to $3.3billion)The average room rate is actually up (barely) although the revpar is down barely. 

I was just in the Greenville section close to the Bayonne border and I’m seeing properties in the low 300s.

This borders on government over reaching and is no short of a straight up shakedown. 

I'll look back on this and be thankful for taking the leap across the border, but man, I sure did reset the learning curve.

We are on the farthest edge possible for our city on a state border. 

Borders and Borders title company