Even further south in Colo Springs, quad's come on the market for 399K ask needing rehab work in undesirable parts of town and get snatched up.

@Wesley W. the guys I had tearing it out got to keep it as part of the payment.They totally gutted the bathroom (mold & all) & the kitchen $200 & took all the debris away.Then they installed all the new insulation & drywall throughout kitchen, bathroom outside foyer & hallway down stairs $250.I paid for materials & did the mudding, finishing & painting but they worked like dogs.

A better strategy is to make it undesirable to rent for one night by increasing the admin costs associated with a single night stay.

After it rained it turned into a massive mud pit.

You should point this out to potential clients/investors/partners, your clients will be your top priority and you will crawl through mud, scale barbed wire fences, go behind enemy lines and do whatever it takes, if they work with you...it's part of the reason the larger well established brokers always have a stable of young agents, youthful enthusiasm!

Middle to Upper Class individuals are moving into areas in Brooklyn that a few short years ago were absolutely undesirable for the reason you mentioned.I would be lying to you if the idea of relocating altogether hasn't crossed my mind....multiple timed.

I'm sure my post is as clear as mud.   

Finishing work needed: Drywall, tape mud and sand, painting, hanging cabinets and laying countertop, carpet replacement, installing plumbing and electrical fixtures.

Finishing work needed: Drywall, tape mud and sand, painting, hanging cabinets and laying countertop, carpet replacement, installing plumbing and electrical fixtures.

I made the mistake of purchasing in an undesirable neighborhood.