But, obviously, I always shop around before making a big decision.

But, obviously, I always shop around before making a big decision.

But, obviously, I always shop around before making a big decision.

No one else here will be harmed by whatever you decide; good or bad.Don't take the decision lightly, but also don't just listen to the negative comments either.

Congrats on making the decision to get into real estate investing!

Wishing you the best, and please read read read so you can make the right decision to have a good tenant. 

Its an individual decision and also depends on the financing used to purchase and the permanent lender requirements for seasoning if any.

I don't know your situation so don't make any decisions solely on this information.

(this is why a run down property in a tough neighborhood will have a higher cap rate) As already touched on above, cap rate can be misinterpreted, misrepresented, and deceiving, so learning about how it is used correctly (and incorrectly) is extremely important.

Once you get the report than you can make an intelligent decision.