Aside from the part of failing , I think money is one of the biggest barriers seen by someone just starting off .

Also, (3) Properties around here aren't known to appreciate well... but that's part of living and investing in the rust belt, baby.The pros that I'm considering are (1) regarding comps, to be fair, others in the area have been purchasing up properties in the neighborhood for anywhere from 50k-65k, many of which aren't as nice as the one in question. (2) I plan on holding onto this property for at least 15+ years, and I don't expect it to necessarily LOSE any appreciation, so appreciation isn't the biggest deal, and I imagine at the very least I should be able to recoup my original investment several times over.

@Josh Zeb That's fantastic that you already have the down payment saved up, that's usually the biggest hurdle with qualifying as a first-time home buyer. 

It is one of the biggest in the world and brings athletes from all over the world.

This situation might have a couple hurdles that if you talk to a lender you want to be very clear up front about to make sure they understand the loan scenario.

The biggest utility is Water/Sewer.   

@Edwin De leonYour biggest question shouldn't be WHERE to invest, but HOW you will invest!

(links also available @ our website)Your biggest question shouldn't be WHERE to invest, but HOW you will invest!

Biggest thing is look at comps within the last few months.

I work on foreclosure auctions in California and I have gotten some fantastic deals.The biggest thing is have a very, very firm upper limit.