I understand the sentiment, but I think it will have more negative effects.The problem is with enforcement.

I might've misspoke about the negative cash flow.

To clarify, I had initially put the property under contract but had to back out of the deal due to negative inspection results, specifically related to foundation issues.

Quote from @Kevin Sobilo: Quote from @Calvin Thomas: Quote from @Kevin Sobilo: @Griffin Malcolm, I don't have any statistics and I'm not sure there will be any that I would consider reliable.

Quote from @Jim Reynante: After owning properties C/D neighborhoods with high crime statistics, I have experienced all of the things that go along with it: 1) High turnover rate; 2) Tenants that don't care for the property; 3) Little/No appreciation in home value; and 4) High Crime Rate (burglary, vandalism).I am pretty tired of fixing broken windows, fixing broken doors/locks, and painting over graffiti.

Cashflow is a bit negative on this deal since it's the better part of Tulsa.What do you think?

Say good bye to the negative connotations of wholesaling, hello to cross selling. 

Just a small update, I've gotten some great feedback from you all, gotten some bluntness, I've gotten some positive comments, and I've gotten some negative comments.I've taken everyones advice and went gungho.

Hey @Robert Carmody, we are only on AirBNB and VRBO and they work just fine.I have been reluctant to do a Booking.com listing due to the negative reviews I have heard from other hosts.Booking.com was geared towards hotel stays, which means your STR gets treated like a hotel room.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.