The tenant that was there at the time was nice and we talked about whether or not there were issues with the property that he noticed (none) and that specific neighborhood in the city and he also mentioned that he was planning on renewing his lease in a couple of months when it’s up.

Needing guidance on a potential opportunity to help my grandmother.She wants to sell her 2 bdrm + 2 ba condo in a (C+ - B-) neighborhood - (The Wingate Condominiums) in North Dallas.

Is it in a bad neighborhood?

Check out the neighborhood before you buy.

For a historical perspective SD ranks #3 natIonally for total profits cash flow + equity since 2000 (SFR).

Replacement value (as shown by your insurance bid) is often in the 200's for a SF and sellers would be happy to ask that much for their properties, but neighborhood issues dictate a steep discount.

Welcome to the site Jeffrey.When looking at the Cleveland market I see a ton of investors get totally shocked by the bottom dollar prices you can find in some of the rougher neighborhoods of Cleveland.

Comps were going for around $275 sq/ft in this neighborhood of Dallas, and there was a big yard, so I could add on about 1500sqft.

We are in the San Elijo neighborhood, just down the round from the university.

You can walk the neighborhoods you want to buy in.