Out of state buyer, first time investor scooping up a cheap property that needs a lot of work in an economically depressed area.

Several large developers have built beautiful high end condo feel student apartments super close to campus which initially depressed rents in houses.

It's a dynamic world - if I could find a 3-4 unit that cash flowed 200 a month per unit and hit a 15 plus ROI - i would jump all over it - I just only see this type of potential return (and better) in more depressed areas.  

this was the only refund by RADD mentioned in the 66 Google reviews/responses on their Google listing, and it was in response to an investor who had filed an SEC complaint, so everyone who has invested with them and has been denied a redemption, please file SEC complaint, but still more likely that a chronically depressed Lemming will survive the annual ocean crossing than you will see a dime of your investment anytime soon. 

All are within 30 minutes of major employers.  2) Like most metro areas in the surrounding states and regions, we've had an inventory shortage for more than 5 years.

This attracts a higher-quality renter, ensures funds are available to maintain the home, and reduces the risk of major losses.

Never invest in areas that are depressed prices, you just don't get the growth needed for wealth. 

My property is in a depressed area walking distance to the largest employer in the area which is a shipyard. 

When funding is rare and flips are plentiful, there will be enough opportunities for everyone but return will be depressed and better operators will make better returns. 

The problem is it's a very economically depressed area.