I don't know exactly what everyone considers to be a war zone, but there have been a few murders in the surrounding blocks in the last few months.

But, the property manager said that they have worked out an agreement with the police (the station is two blocks down) and they have stopped the loitering and things have gotten better in the last few months.Since this year, the property is taking in an average of $3000 per month.

I live in Amarillo, Tx and can be anywhere in town in 15 minutes, so i'll invest anywhere in town in my price range, minus a war zone or two, but just so happens all my properties are within a few blocks from eachother.

Having been around the block, I think it is going to be more difficult to gain real wealth (I'm not talking happiness, warm and fuzzy feelings, etc) for 1 simple reason.My 1st broker (nearly 40 years ago) told me I should have one goal-"to get 1 miilion dollars in debt".

Do you -A) Walk away and block his phone number.B) Continue to do business with him and let him back into your property to complete the work that he's obviously not qualified to do.This is a really tough situation.

Houses a few blocks further were zoned residential and it did apply.

I live down the block so I will probably do most of the leg work myself, how much should I ask for a down payment, how much over monthly rent, how many years?

It is located in a decent neighborhood and a great block!

The tube is propped up on cinder blocks.

here are the details.I just bought a house 3 streets away for $75k. i had to put only 6k in that house and rented it for $1,150.So, this new one is a SFR, asking price of 80k, which is overpriced when you take into account how many upgrades it needs....which are:Windows $6,500House Roof $4,800Waterproofing $3,000 (might not have to do it)Driveway repair $2,800Garage Roof $2,250Plumbing $1,500Furnace &AC $1,500Garage Door $1,350glass block basement windows$1,000Water heater $700Replaceelectrical riser$650Repair garage trim$575Garage Opener $350So, give or take, it would cost me around 25k (and my track record shows i go over my estimates :oops: ) in the next few yrs.