what you need to do is buy in better areas where the price points are higher and the returns are risk adjusted.. that means paper returns are less.. but you know investors they tend to not think about tenant risk and go for the highest returns on paper..

C) The worth of investing $30k in sweat equity, considering this is an out-of-state investment.I would appreciate any insights or advice you could give me on this potential investment.Thank you in advance for your input.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I found the property on the MLS that was on the market for 45 days + only because nobody took the time to analyze the potential and no one was willing to listen to what the seller needed.

Whether to buy now or wait hinges on what you're okay with, how you see risks, and what you plan to do.Good luck!

Here are a few things you should consider:Homes from the 1960s, if well-maintained, can be solid investments, but ensure the price reductions align with current market values and potential ROI.If not, it'll be like a buffalo taking a dump in your ear. 

You will find much easier and cheaper financing options and can get into a home with as little as 3% down (and depending on your income, potentially no money down).

Don't risk it!

HELOC:Pros:Flexible borrowing - borrow as needed giving you flexibilityLower initial costsVariable interest rates - can be a con if rates rise, it can also be beneficial if rates decreaseCons:Variable interest rates - rate can fluctuateMore risk of foreclosure - you're adding a second loan

In these cases, I know what the rental values are and I am purchasing the property for its future potential.