It can pay off tremendously versus the slow and steady cashflow.My 1st property bought in 97 is now worth as a teardown 56 times my 25% down payment , based on an identical lot sold across the street.

What if they build a low income housing complex down the street and your value plummets ?

In my opinion there aren’t any “d class” communities here however their maybe some streets that are worst than others.

The house across the street is currently listed for $80k, but its a little bit bigger. 

It is literally street by street in some areas.I would suggest interviewing several local property managers to get their input in addition to the feedback you get from other BP members.IMHO - I would only start with post 1945 built homes that rent for $700-up.  

Lessons Learned:Don't buy the unicorn on the street and be careful when moving in to a new area.  

so just after about a week after purchasing #13 (Click Here), we closed on #14. this one was a little different.it's a house in great shape, all brick, 2 bath, huge basement and huge garage, but in an area with houses that are mostly vinyl with crawl spaces. we might have trouble getting people past the few streets that lead up to the house. but once they are there, it will be a great showing.the house was listed for around 100k a few months ago. then they reduced it a few times and finally it came down to 80. i made an offer with my agent (something i try not to do normally) at 70k, no inspection, closing in 45 days. she thought i was crazy and would never get it for 70k. they accepted, but the problem was that this house would have never gotten approved for financing since it needed shower work, terrible deck, caving in porch, and lower bath is missing most of the drywall.so, i could have either paid someone 2k to do it half a$$ and hope to get it financed, or get it with all cash. but i didn't have 70k cash.told the agent to go back to them and see how much they would reduce it if i paid cash for it. they said they will give it to me for 68k. so, i pulled the max loan out of my 401K, which is 50k, had 20k and combined it to get this house for 68k.the interest on the 401k loan is 3.25%, payable to ME for 5 yrs. so, they will be taking $904 out of my paycheck every 2 weeks.this house has around 8k-10 worth of work.

We knew houses would appreciate a lot when it would be fully developed as many businesses would be attracted in this area and rumor were that a school would open at the end of our street.

"Areas" are really difficult in Indianapolis, though, as it is more street by street in Indy.

If street parking is permitted by applicable laws, Tenant may be permitted to park vehicles on the street in front of the Premises in accordance with all such laws; however, Landlord does not guaranty the availability, quality or location of any street parking.