Definitely a good idea to get a flip in a gentrifying neighborhood that is still a little rough but is showing very promising signs of appreciation and change.

Good neighborhood or bad?

We will be ok with C class properties in B Class neighborhoods.

Purchase price: $95,000 Cash invested: $55,000 Sale price: $215,000 Pre-foreclose, elderly person living in the house in a extreme poor condition , we offer alternative for his living , We help the owner with a better place to live , we help the bank by giving them Money for a deal that will take a lot of money to be back and functional , we hale the neighborhood by eliminating a house that was a close to tear down and in a bad shape , What made you interested in investing in this type of deal?

Neighborhood in Dallas, Austin or Houston.

It's an old row/townhouse in B class neighborhood and it has duct for heating system so I have an option to add central A/C to existing heating system.

I agree and another problem is that its almost an hour drive and located in a 'shady' neighborhood so the emotions were just giving me warning signs about this. 

What we called it back then.Even without cashflowing, it's been way better than having rented all these years and is in a desirable neighborhood as it sounds like you'll have.

.- Having roots in the community, normally having lived in that neighborhood for several years, or in this case being close to her parents adds screening points.

I have an eye at locating the REO properties and have found a few over the last few years in my neighborhood.