If this is your first time investing in Cincinnati, it is a unique area with a lot of different submarkets with unique characteristics that may not be true of other cities.

I have 1,000 and wondering if i should continue saving for my emergency funds or gamble and invest it.

You'd have to gamble a little bit by being out of the area but I would go for it rather than a significantly smaller return in a local area.

These 2 tenant bases will have different characteristics, expectations as far as amenities, etc. 

Same story for the cap rate, this varies market-to-market and depends wholly on the building characteristics and credit of the tenant.

Most of us choose to purchase insurance for financial protection and peace of mind but there are always some who take that gamble so that they can save the money.

However I contend that is not characteristic of the general investor - the majority get marginal deals.

., I once made up a little game so I could teach the kids how, when you're gambling, The House Always Wins.

Is your unit so difficult to rent that you are willing to take the risk or are you just desperate and willing to gamble on a very long shot.My advice is keep looking.

@John Bastidas I’ve dealt with these, but typically the county/city won’t reduce the fines (to usually less than 10%) until After the violations are corrected....which makes it somewhat of a gamble for the buyer.IF they can get the fines reduced and paid off, and the lien removed, prior to your closing....no problem.