I agree, 38115 that is bordering 38118 is crummy, but we have several homes renting for $1,000 +.  

Ben Winchester Morning Ben keep the money in the bank until you find another deal because you don't want to gamble with the money if you're planning on doing rental believe me situation will come and you will need the money.

Renting out property can always be a gamble, with the risk of a bad tenant who could, for example, smash a hole in the wall or bail on paying rent.

Thank you @Ron Averill  @John Cimino I am looking more so towards the PA border because I work in PA.

In one town where I farm, the definition of "single family" is limited to three unrelated persons maximum; in another town with borders touching that previous town, the definition of "single family" is limited to two unrelated persons maximum.

traditional stocks have paid 10% since the depression. you could put it in a roth ira, buy a total stock index fund from vanguard & keep it there until retirement & cause yourself a lot less hassle.but if you're gambling on appreciaton, with the leverage, then you can outdo those returns. at 3% appreciaton, you could get 20% return.

Schools around it are nothing special, it's right on the border between 1 better and one worse district, sadly it is technically in the worse district, but the high-school is good and there is a french-immersion school which is also good.

Speculation is when you gamble that your short term exit plan will produce a profit.

last home i closed on a property, the bank made me sign a document promising my company wouldn't operate any illegal gambling operations...this with a bank i've closed loans with before....they're constantly adding paperwork to closings....get ready

If you are near the border it may be worth it to look into more but if you are not then you are pretty much stuck paying the premiums.The maps are updated as technologies, methods and data become better at predicting which areas are higher risk but that is out of your control.