I guess it depends on how many properties have sold in that area/neighborhood in the last 60 days and for what prices those properties sold for..I just don't want to get a Property in a not-so great ( But NOT terrible area ) , with the sole intention being to sell it , and when I go to put it up for sell......

The neighborhood isn't the best, so I'm trying to decide if I should 1031 it into a better property in a better neighborhood for my family and I to move to or use my savings to acquire another home to live in.

@Alex Craig  one part of my e book on buying out of area rentals goes into insurance and these very issues.I suspect this is going to get much worse before it gets better.. how do you rehab a house with the tenant in them.. maybe a light turn over thats it..this person looks like made a cardinal error in buying low end rental in bad neighborhood probably becasue the numbers looked so good..

The neighborhood the house is in averages 99k per home.

For us, we want to live in Chicago for the next few years and for us financially it makes more sense to invest in multi-family homes where we live in one unit and rent out the others and try to repeat as many times as we can before we maybe eventually move out of the city.  

This is a great group that meets in Fairfax City each month.

Check your municipal Official Community Plan to determine the city's vision for redevelopment.

I was able to locate one in my previous city (same state), so would if be productive to try to use a closing attorney in another city or in the experience of my fellow investors, does that generally cause too much headache to manage? 

Close to Mexico City preferably.Thanks for the help!

There are a ton of illegal attic and basement units in the city.