Duh, one SHOULD loose $, unless it's a flip, and flips DONT make $ on market movement, a flip is BUILDING equity, you CREATE the equity via taking the ugliest home and making it a gem.

It's not that it's a gem of a neighborhood, but we've chosen that area because my husband and I both grew up there, and my father-in-law still lives there.  

Yours appears decent on the outside so maybe you got the turnkey gem of the century, but the fun is just beginning dealing with leasing to the riff raff..  

Knowing you do not have vintage leases above market fixing to roll down and be renegotiated or the tenant leaves to a cheaper per sq ft base rent center in a similar quality of location.If you have 20,000 sq ft for instance with 10 tenants a balance of smaller spaces is better.

It's still very much a seller's market but I do come across a gem every once in a while.The vacancy rate in Charlottetown is around 0.3% right now.

This house is a GEM in a great neighborhood where homes are consistently going up in value. 

This works for me and other investors as many times, like me, they grew up and come from these neighborhoods and can spot a gem easily.

I'm working on developing a niche rv park using vintage campers in NY.wondering if you had any luck getting started :O)

Agreed with Chad,The pocket just East of UT is very solid IMO.Any appreciation in Toledo should be considered as the "cherry on top".I just don't see enough demand or infrastructure being built that will drive up prices like other regions of the country.Toledo tends to keep up with inflation.With that being said, I don't think you can get a "better bang for your buck" anywhere else nationwide.It truly is a hidden gem tertiary market lolHappy investing 

I often say that Chicago is a city full of hidden gems, waiting to be discovered.