That actually sounds like a pretty attractive way of conducting things.Thanks for the input!

(JK)  The advantage I have over them is that they are after more attractive properties than I would be interested in, most of the time.  

If you  (currently) manage just a few units, I think you should consider Google Wallet.

I've seen a few things in my time; but now I mostly work on projects in my own home.We're hoping to run a positive business; keeping properties attractive and working to keep tenants involved in their community.

heard some horror stories on here and on podcasts about the type of tenants they attract.  

What makes this property that's sat on the market for almost a year so attractive to you?

I also know the property is of high worth, meaning a million plus, and the land itself might be of the most worth, so it could be attractive to commercial builders?

Because of the low interest rates it is an attractive time to pull equity out and reinvest.

Probably will be cheaper than a lot of financing options for the rehabber and no initial cash outlay so it can be attractive.  

Starting investors with low capital are often attracted to these high crime areas because of cheap prices.It's a way to get started for many.Those with lots of money already avoid the headache for the perceived extra yield etc.So it's likely to find buyers for any type of real estate asset bad area or not if the price is cheap enough.