The pros are that it's in Melrose, MA, a very sought after town for its distance to Boston, easy access to public transportation and major highways, and school system.

Look for things like hospitals, schools, or properties near public transportation lines.

After the comps I still felt the comps where high so I asked another realtor but they provided me with different comp range from 190k-200k, so I still decided to do more research I went to city hall in Elizabeth to get a list of all the foreclosure and autions taking place it seems to be true because nothing is being sold this low in Elizabeth.The cheapes price I've seen is 78k for a foreclosure and this already sold, I know this is an awesome deal especially because the location of the property it's in a quite street 10 minutes away from the airport and 5 minutes away from transportation and a major school is a block away, the city is also developing a new park and building literally down the street and the property is on a one way so it quite day and night all homeowners in the area.

It's near a rough area but this is definitely a better part as it is a couple minutes from public transportation train (Greenville part of Jersey City for those who are familiar).

What if I told you it would be a good idea if you worked at a full time job, and then started to work on a side job...paying your employer, and this was fine with you because your first job gave you more money than you knew what to do with, and you "hoped" that the side job would give you a promotion (apartment conversion), transfer you to a closer location saving transportation costs (tax savings) and give you a raise (rent increase) but you didn't know when/if yet?

Specifically, Illinois has a huge talent pool of highly skilled workers, world-class universities, more money for investment, and better transportation with an airport with direct connections around the globe.

I used to work as a garbage truck driver (worked areas anywhere from Jax beach to Atlantic beach as well as Callahan to Baldwin, and oak leaf to Ortega area....and everything in between) and we now own a transportation company so we are on the road daily.

Transportation is always a good thing for rentals, and values are low over there right now.

Tesla Motors is undoubtably accelerating the world's transition to sustainable transportation.

PUBLIC TRANSPORT ACCESSmy tenant is retired, lives alone, or couple getting started or need the space b/c they are getting act together.I think 1 bed works in student rental, transitional area.