In my experience they don't want to be in "rougher" neighborhoods anymore than a quality market rate tenant does.

Begin with a smaller project to gain experience, and ensure you assemble a reliable team of contractors, appraisers, and inspectors.

We love intown living and our ideal situation is a house with some character in a diverse neighborhood with community gardens, BeltLine, etc.We have heard and seen an opportunity on the Westside (Grove Park, West End, Adair Park, Capitol View / Perkerson Park, and some streets in Mozley Park) with all of the exciting developments that are planned or in progress.

I got a business parter with capital and some experience and we hired a GC on the first few flips.

No one is perfect, and we certainly have had times where we were not proud of the experience we provided to our guests.

Is there an investor here who can tell me their experience with section 8 in St.

Happy to share my knowledge and experience to assist you along the way. 

Going off of this, do you have flip/rehab experience within the last year? 

Originally posted by @Steve Morris:If it's your first one - HIRE AN EXPERIENCED MANAGER.A lot of these are tenant management issues like private/Medicare pay and keeping vacancies to a min.If you build and get it running well, then at least you can decide to keep it or sell it at a better price Where would someone find an experience manager?

My experience in Ohio (it may be different in your area) is that if the bank brings the forclosure, then they 99% certian to bid on it unless the amount owed is lower than the opening bid.