The cheaper houses in poorer neighborhoods might cost less and show a better return on paper but usually are more problematic to manage.

What i see is a market with affordable entry points, military and college student presence, and appreciation in 4.5-7.5% in the few neighborhoods I've looked at.I'm hoping to get a snapshot of affordable props from a local pro as a jumping off point for more research.

In this case, no one wants the merchandise (Except perhaps for Erin's suiters).BTW, here's a door opener line that you will NOT be using:"Hi, I just happened to be in the neighborhood..."

The problem is that I have two great deals with no comps because these are both older, very stable neighborhoods with no sales in over two years!

From there you want to select desirable neighborhoods, and last but not least, select the right property that makes sense (condition and cash-flow).As I like to say, "Live where you want.

In one neighborhood where I have a bunch of houses on Section 8, it's horrible.

The small neighborhood has seen a decent amount of foreclosures also.  

Most of these homes are in somewhat questionable neighborhoods, but I don't really see that as a big deal, as long as the neighborhood appears to be in an upswing.

Probably the siding first, depending on the style of the windows/trim.

It's in a decent neighborhood but $150k+ sales are very rare and I'm not sure if the market will support a risky project like this.Thanks so much for the insight!