I'm moving into a lower income neighborhood where there are corner stores in between houses and folks sitting on their stoop during working hours, and the crime is lower there than the city I live in with 500K homes and horse farms.

Good areas (lower crime and nicer/newer houses) are east of 435, north of the river, and down in the southern suburbs.  

Inherited tenants at a lower or market price?

After doing an initial walk through and coming up with a renovation budget and sales comps we decided to offer $105K (Yes an offer $65K LOWER!)

Buy a nice property- maybe even pay up a bit for a lower cap rate, and demonstrate to him the steady income you've begun to generate with your capital(and hopefully a lack of problems with tenants as well.)

It's a two family and recently the lower level became available so I have been there a lot getting it ready, showing and I see the two of them together all the time.

I already tried to buy a house but the appraisal came up lower than the price of sale and the owner wasn’t willing to lower the price.

With Adwords the lower you bid on keywords I've found the lower quality search terms we get.

The pre-existing tenant is a great perk, but it doesn't guarantee that they'll stay, and the lower down the prop class ladder you go, the higher turnover you're likely to see.

But I haven't met many successful 'self-made' CRE investors who haven't lowered their pain factor, crunched their timeline or increased their learning curve without seeking out a mentor or two on the way.