There is a zip in my area that has similar income level, and I avoid it, too much crime, unemployment, and tenant issues.

I really need to know and understand why this happened so I can avoid this pitfall in the future.Any advice, expertise, and insight would be greatly appreciated here.

Various aspects of social, economic, political and municpal management are considered in planning.Redevelopment is generally looking at economically deprived, less functional areas, identifying properties that are not utilized at their highest and best use.

I've got 2 sales pending for clients right now that fit into that 2% category, a duplex pending for about 70% of list after only 3 weeks on the market (because the listing agent screwed up on pretty much all the numbers, and everyone else is apparently waiting for him to drop the price before they submit an offer), and a SFR listed at $279,900 -- the only house for sale in a super-desirable little neighborhood of 36 homes -- we now have pending for $195K, but only because we were intimately familiar with and helped shape the story.As an agent, Yes it's my job to get my clients the properties they want, but it's also my job to avoid wasting ridiculous amounts of theirs and my own time chasing no-chance deals.

I attach this to the lease and it covers all aspects of owing a pet including vaccinations etc.

Bill has outlined the concerns for the investment aspect quite well as usual.

I have no real estate experience (I am a photographer), but I know that when my wife and I purchased our first house, the photos were the 1st aspect of the listing that even got us interested.If there were no photos, we moved onto the next listing.

These costs can be avoided with a 20% down payment so if it can be afforded, I'd recommend putting this much down.

1 beds have much higher turnover.The 2 bed in a different area could be in a more desirable area where rent growths,supply and demand,and appreciation is better along with cap rate compression.The same could be said for the 1 bed depending on where it is located.The 2 bed could be under market and you purchase and get 100 per month more per door and the income scenario changes.Some landlords keep under market rents to avoid headaches and turnover repairs and keep them full.They have paid debt service down over the years and dealt with so many headaches getting full market rent they do under market to not have the hassle.When you are slightly under market you can get picky and take the most well qualified tenants.Just like buying a house tenants in good standing want the nicest place they can find for the best price.

It's a gray area and one best avoided IMHO.