I would be interested in areas that would attract long-term tenants, but then there is a tradeoff with costs.

Maybe this isn't the neighborhood to be buying a bunch more in.I agree that yard signs attract a diverse crowd.

The area attracts a lot of attention due to having Walmart headquarters located here as well as the University of Arkansas.

Not just because it symbolically feels like I am sticking it to the man every week.

I cover the electricity (it's a 498sqft studio), and include parking, and the price becomes that much more attractive. 

Anything else I can do to make my offer more attractive while still offering below the asking price?

I was initially thinking, if this is a complete gut job, everything will be essentially be brand new and i maybe able to attract decent tenants.

Since then, the idea of real estate investing really attracted me.

And are you going to attract lower quality tenants telling them you intend to sell the property while they are renting.

Should I just hold out until I have enough cash to buy a cleaner property that will attract decent tennants, or should I actually consider buying a $30K property in a horrible neighboorhood since I can buy now, and POTENTIALLY start cash flowing now?