However, my California RE mind sees the prices vs rents and am bewildered by such statements.As of now, these are my desires in properties:a house or townhome built after 2000 - I prefer after 2003 turnkey condition MOST PREFERABLE, but not necessarily a requirement at least a 3+2 neighborhood well kept and not too much crime $50-$100K, short sales are acceptable Close to transportation and/or the fwy Relatively close to downtown and the airport (10-20 min when there is no traffic)Seeking cashflow, appreciation much lesser priorityFor rent of 800, the PP cannot be exceed 60kFor each additional $100 of rent, the max PP can only increase by about $12.5k.If you see immediate issues with these desires, PM me so that we can talk about it offline.

I have gotten financing for Baltimore rowhouses that have boardups nearby - the stipulation I got from the lenders was there cant be an adjacent boardup, but further away on the same block was ok.  

I'm at the airport right now heading up there.

Alright, now it's going to get a little messy, I'll do my best.A homeowner on the street adjacent to ours is splitting his land and going to sell an acre off the back, but in order to do that he had to extend our road and build a cul-de-sac so there is enough road frontage to split the land.  

The Health District in my view is bounded by:I-95 to the EastDolphin Expressway to the SouthNW 14th Ave to the WestNW 20th St to the NorthProperties within these boundaries are limited/rare, so while the above is the 'actual area' I also mean the surrounding neighborhoods and streets.The area doesn't have the best reputation in terms of safety (Though there are definitely rougher areas in the city), but it does seem like it a solid rental market - with plenty of jobs nearby.It is also fairly close (Depending on traffic) to Wynwood, Downtown, and Little Havana/stadium(s) and the airport.  

Being that this is a smaller park near an airport, it may not be the best deal depending on your exit strategy.

So even in 2 big cities, adjacent one to another, with the exact same demographic issues, the trends can be opposite making predictions extremely unreliable regarding the final outcome.

We were also able to purchase adjacent blighted properties to expand parking and also control the residents in the adjacent 6 unit apartment building.We are right over 10 years of ownership on this building and have had several movies/tv shows/music videos filmed there due to the retro styling.

Another hint to the answer may be are there other multi-family properties already built in the adjacent lots?

I am hoping to find an inexpensive room to rent in a safe neighborhood (I'm used to the Boulder Bubble) but within 10 miles of the Oakland airport ( I'll be commuting by bike most days to the office on Bay Farm Island).