There are some quite bad neighborhoods.  

Be cognizant of the fact that the city is a crap hole though and while you may have ok tenants, you also run the risk of having bad tenants. 

Right, but I feeel bad for those taxpayers who actually paid their taxes to be on this list.that would upset me.Originally posted by @Denise Evans:Not surprised.

No matter the property, no matter where, no matter what...the calculator is telling me it's a bad deal.

From what I have got to experience so far Elpaso isnt bad.

Bad traffic is enviable during the beginning stages.Some tips I suggest are, instead of qualifying location through keyword, qualify the location through campaign location targeting (people in or show interest in).

And other investors are often scared of properties with major issues, so even other investors are often not competition for the properties in really bad condition.In other words, most cosmetic repairs don't pay for themselves in value added to the property; but, other types of repairs (structural, additions, basement finishing, etc) can often more than pay for themselves because there is little competition and the investor can pick up the property for a great price.2.

Suffice it to say this is a bad idea.

But you're right, I could have a 'bad' closing surprise ahead and this could fall apart.

Agreed, just the fact that you are having this question is a bad sign of your lender.