So... neighborhood is a nice and quiet area behind a main road that has some rough parts... my neighbor itself is pretty nice and people always mention things like “oh I never knew these were back here!!”

Listings in this neighborhood typically go for around that $58k mark.

The market is the same in all those neighborhoods...

This might not work for you but I get cheap properties in C-/D neighborhoods in Jacksonville, FL that require cash purchases.

Don't buy in the roughest neighborhood in the urban core.

@Brandon Lewis if you are flipping I would look time on market, crime, school ratings, which neighborhoods are desired over others, the median price of homes, the price of homes in certain neighborhoods you are looking at, population growth, the top employers and how their business is doing, any city projects planned to boost growth, any large private projects.

Organizations certified by IREM tend to be better.

I would also recommend a good general contractor who has a good eye for things and is organized, I pay mine $100 to go look at the distressed property and take a walk through video and tell me what needs replacing such as subfloors, mechanicals, roof, ect.

What we want to do is house hack, but we don't want to lose money on this condo, even though we don't want to live in it anymore (neighbors, the neighborhood - very industrial near Boeing, and they took away our ability to have a grill, but I suppose that's neither here nor there).  

The web site says http://fortworthtexas.gov/neighborhoods/NEZ/Promote housing, economic development and quality services in Fort Worth central city.So what does this really mean for those of us who have rentals in the area?