Outside of Gary, your PM should have no issues finding good quality tenants in those other 3 cities.

Karen,Further west you go, the better the area gets, however in recent years, even 12th and 14th Street can get a little rough.  

Now the good, if damage is assessed to be to high maybe the city will give you permission to bulldoze the house and start a new.

Hey BP community,I am looking to organize a casual drinks / meetup for folks who live & work in New York City and who invest in real estate part-time.

The fair market value, and the price it was assessed at for taxes,  is $236,000 (according to the city records).

And that will train in a different Then the chipotle down the street or the laundromat in Fairfax.

Rentometer works pretty well for me, except for high density, "street by street" areas.  

Class A credit in primary locations (coastal cities, Denver, Atlanta, Chicago etc.) is going for 4-5% cap but I have seen Class A credit in secondary / tertiary submarkets around Seattle (one of the hottest industrial investment markets in the world) going for an 8% cap.

Drive around on the weekend and check out the "ghetto" street by street and maybe you'll be surprised to find some honest working-class neighborhoods.

I didn't think it would happen so fast, but I was driving through a residential area near where I live and spotted a house for sale by owner on a low traffic street.