I mostly agree with your sentiment.

Also, I heard REI’s echo your sentiment about not wanting to own in the ghetto; I’ve also heard the opposite.

There seems to be a lot of anti-gentrification and anti-development sentiment which concerns me a little.

until we know the back ends of those deals we are left wondering what they were thinking when all along a 5 to 7% return to them means millions.. so in reality a hedge fund could drive rents down if they wanted to as well.. just to make sure they have the best tenants and their properties are full and they are still doing quite well. raise rents and really cash in.I agree to fully round out a portfolio investors should be thinking about upside movement of the value... the quote " appreciation is icing on the cake" while a nice sentiment is really I think a poor philosophy to follow... one needs to either force appreciation buy in an area were appreciation takes you for a nice ride,, or were rents can move up dramatically in a fairly short period of time those are the only ways in rentals one is going to make any kind of real money.Although what some would think is a reasonable return on investment and risk others would not be happy with...

Abdunosir Khaydarov to echo the sentiments of many others there are a lot variables your post doesn't really answer to make a sound recommendation.

Totally agree with the sentiment here on the learning value of the stumble...

You have the responsibility of doing the necessary due diligence to make sure you own what you think you own.Because the prices of businesses listed on a public exchange are quoted so frequently, they often change in a manner based on investor sentiment rather than their true economic value.

Its sentimental and it's my hunting property among other reasons. 

Welcome,always nice to see another member from Tampa on board.This is a great time to begin in Tampa,there are still plenty of under priced gems in certain neighborhoods here.Besides all the great information here on BP I recommend looking at a ten year price chart for each house your interested in and see what they were selling for(or the estimated value) in 2006-2007.Some free realty sites like Zillow include charts,estimated sale and rent value.They are very rough estimates though that are within a 20% margin of error,there are plenty of errors but it is helpful to gauge the sentiment in the neighborhood. 

Is it sentimental?