And it's difficult to 'storyboard' a situation not knowing how bad the downturn will be.  

You never have to deal with a bad tenant on purchase if the seller can get rid of them first. 

Most wholesalers and wholesale buyers don't do inspections because they expect the property to be bad, but you should have a general idea of what repairs cost however inspectors are not used for this purpose.

That would be a "self help eviction" and would make a bad situation worse.Sorry, I have no references for an attorney in your area. 

My bad too much trust in someone I had no experience with.

Although I feel bad for the tenant, I think they would encounter this problem wherever they live in the south.

I know a gentleman that bought one distressed location in a somewhat bad neighborhood and rehabbed it, turned around and bought the one next to it , and so on and so forth until he had bought a whole block.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hey BiggerPockets,I have found a potential deal on a multi-family in Chicago that may cash flow but unfortunately is in a C-neighborhood (and also right next to a major metro airport so maybe noise factor will be bad). 

I agree with the other Matt - for investor purposes, Redfin isn't bad. 

As long as you pre-screen tenants well, most of the time there's not a lot of time involved unless you own a property in bad condition or get the wrong tenants.