I like Dundalk because of it's location (easy to get south and 20 minutes away from shopping areas.Any advice on this area?

The property is in a great location,  close to stores, restaurants, fair grounds, freeway access, and less than a mile from hospital.

There is no penalty for the tenant to end the lease at any time with a 30 day notice"...And the reason I did this is because it is very important to me, with small town circumstances and dynamics for my family in the town the rental is located in, that the tenant not be disrespectful or unfair in any way. 

@Simon Packman Not sure where you’re located but I have Vermont Mutual in Northern New England for most of my properties and the most I’m paying for any of them is around $4400.

It is located on a very scenic setting.

But the location is great, and the layout could work for a flip or a rental with multiple units.Would you take this on, or does it seem like more hassle than it’s worth?

Otherwise, they will just end up ignoring you and you'll get frustrated. 3) Naive/newbie investors get burned all the time by only looking at the numbers - w/o fully understanding how the location/property/tenant will affect those numbers.- They often get sold Class C or D properties while using Class A assumptions - then wonder why they are losing money.Here's some copy & paste info that you hopefully find helpful:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

*Another Exciting Development in Charlotte*The Iron District is set to break ground next year (address 905 w morehead st.)The Iron District's strategic location offers easy connections to Uptown, South End, Wesley Heights, Freedom Drive, Camp Greene, I-77, I-277, and Charlotte Douglas International Airport.

I would recommend that you don't ignore it; repair the drywall, monitor it and see if the drywall cracks in the same locations again.

@Eli Fazzo, Almost every location is going to have some surprises that you just have to factor in when looking at investing in real estate.