For folks like this, we ensure they are maximizing their 401k, HSA and IRA before even mentioning any potential real estate strategies.

I'm wondering if this is still a smart option to generate equity even if I'm paying the difference on the loan myself or potentially sell after my time in Hawaii comes to an end.

(Still unsure if this actually correlates to rent price as the housing authority rep that I spoke to was very ambiguous when I asked what potential rents I could receive)The only reason that I'm considering is because this purchase was by no means a great deal, I just wanted to have something cheaper than my rent while learning how to renovate/manage a property.

If the average days on the market for recently sold properties is relatively low and they are selling close to the listing price then the data is telling you that the risk of purchasing, renovating and reselling quickly is relatively low, despite the crime data.Establishing local relationships and having a team on the ground that you can trust can mitigate the risk associated with a potentially bad neighborhood.Regarding West Englewood- We sold a property in that neighborhood in the fall for an absentee owner.

You can potentially get financing depending on the condition.

Incorporating industry-specific terms can add appeal and attract the attention of potential investors.

It will be much more painful for you to have to deal with the potential consequences of this dog than have to deal with removing the tenant. 

or is it putting a burden on myself to be responsible for repairs, or is it no different from a dishwasher or fridge anyways.thanks for reading Greetings Larry,Adding a washer and dryer to your rental property can indeed be a good idea, especially when looking to attract potential renters.

My key criterion is a property with strong potential for value appreciation over the next 5-10 years. 

Then begin running the numbers on potential properties in the area.