Because the area is so large, being therelets you drive those areas at different times of the day to learn the neighborhood even better.

@Paul Sandhu, your situation is so different. 

that's why high turnover is so expensive - you're patching things up / cleaning up / and then paying another month's rent just to get it rented on top of any vacancy.and again - that's just hypothetical math. 

If the crime is so bad and the homeless is out of control along with the chickens, why is the rent still so high?? 

I also own properties in landlord-friendly states where there's no rent control, so I don't need to pay someone to leave in order to increase the rent.To address the other points in your post:This is why having a proper purchase and sale agreement is so important.

Lots of times, because the loan amount is so small, they will charge extra points to pad their fee.

Life is so incredibly short. 

Great click bait and it is so true.

Does it really make sense to use hard money loans since the rate is so high?

The only reason would be to try and find something better, and I don't personally see anything that is, so I choose the property we have.