Although some investors share your conservative approach with the desire to pay off every property they own they make very little return compared to leverage and would do far better putting their cash in a income fund.

I commute into NYC for work so the geography is desirable for this but not for the price, I could have more of a home with a yard...As icing on the cake - the shotty work behind the walls in the building caused a water sprinkler break back on Valentine's Day and I had to be evacuated.

The Munger area of Old East Dallas is a desirable area for young professionals renting.

That would be a major fixer-upper in a not so desirable neighborhood and definitely a little farther out than anywhere with a path train.

Hi Sunny,Question, why would you want to invest in properties that are less desirable (ie. the 2% rule like you mentioned)?

Even without eyes on the unit...something's affecting the desirability or possibly the qualification criteria is difficult to meet?

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If your goal is stability, higher property taxes can often mean more desirable school districts which attracts an easier tenant pool.

Even though you have a cleaning fee you'll get bookings because your property is desirable. 

@David HutsonIf you purchased a renovated home in Memphis for $37k all in you are most likely in a less desirable area.