And comparing Worcester to other cities of similar size, (Hartford, Springfield, Providence) and even smaller cities (Lawrence, Fall River, New Bedford, Brockton) you will see that overall crime rates are low. 

I have money and good credit.

Naturally, some of the COVID era high rental growth darlings such as Phoenix and Tampa have gotten caught in the mix.Conversely, markets with low supply, including some in the Midwest, saw rent increases of over 3%.

The rental comps would bring in $1200 - $1500 profit per month (the fixed interest rate is very low).

How bad a credit are you talking (score / credit event in your history like a recent foreclosure or bankruptcy)?

I typically recommend Nation's title services as they have very low fees. 

Park most of it in a 4.5% saving account right now, and then I'd take one of two tracks.STR/Vacation rentalTake some of it and buy a nice vacation rental/STR in a mid-size market (like maybe not here in Colorado where you're looking at $100k outlay on the low end). 

If the DSCR is strong, as is your experience and credit AND you've owned it longer than 6 months, it's usually pretty reasonable to get 75% of ARV.

If so, it could still very much make sense.If this is simply new construction in a low-end area though, that's different.That said, if this area is rapidly improving I'd be much more inclined to buy some of those lower end section 8 houses than I would a new construction project.

If you are to go this route, here are some of the best 0% APR business credit cards.