I know a gentleman that bought one distressed location in a somewhat bad neighborhood and rehabbed it, turned around and bought the one next to it , and so on and so forth until he had bought a whole block.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hey BiggerPockets,I have found a potential deal on a multi-family in Chicago that may cash flow but unfortunately is in a C-neighborhood (and also right next to a major metro airport so maybe noise factor will be bad). 

I agree with the other Matt - for investor purposes, Redfin isn't bad. 

As long as you pre-screen tenants well, most of the time there's not a lot of time involved unless you own a property in bad condition or get the wrong tenants. 

If you make  that choice you need to understand the risk you are taking. 

Just bail....cash for keys.....I wouldn't be surprised if 75%+ of bad tenant "endings" don't go down as a legal recorded evictionHe lied....knew he had an eviction....he didn't forget it.....he lied about a subject that is very critical in the screening process.If he had told you 'hey I had an eviction 14 years ago, but here are my last 3 landlords contacts so you can call for references" then I may let it slide once I check his storySo unless this guy is a superstar in every other screening category, ....AND my tenant pool is otherwise junk.....I would 100% pass.....

My corp W2 job is based out of Cincinnati and I've been looking for multifamily's out there but the market is just insane as well....a 4 unit we looked at is selling for $60k more than the seller bought it for 1yr ago and only slapped a bad paintjob into the units and called it rehab. 

I always prefer not to escrow when given the choice.

Krause you might want to narrow your choice of markets down to a few specific ones and focus on making contacts in those markets. 

We'll just have to decide which is the least bad option.