The up side that is almost always overlooked is that with the correct screening when you do get a tenant they almost never move out. i screen for job history at least 2 years on the same job , 2-3 months of bank account  statements with no over drafts. letter from boss and references ..... i look for income and job history low income doesn't mean dangerous. and most important it doesn't mean late paying or non payment. i have a few duplexes with tenants paying 550 each unit and we bought them and did renovation all in for sub 30k. keep up the great work

Assuming business from the bar is good and it's not in danger of closing, what percentage of her income comes from that job?

Yes this does happen, but most people recognize it is dangerous.

It also would help the person shooting from being suedThen there are recreational bullets that are dangerous indoors and will go through a lot of stuff and are a huge liability!

Both putting money into the deal and both sharing some work load, and learning along the way.But for buy and hold you will still need to learn property management (for the area your rentals are in)--or hire a good property manager.You will also have to decide if you want Class-B or Class-C rentals, as A's are pricey and D's are Dangerous areas.Good Luck! 

The biggest danger is in meth cooking areas.

I would imagine this has been common knowledge for so long that homes are not built within a dangerous distance anymore?

The additional managed risk allows for potentially high returns but can be difficult to manage and may require longer time to liquidate.Class D: Old properties in challenging and potentially dangerous neighborhoods with little to no amenities.

Because bad stairs are dangerous.

I was looking through Detroit Land Bank properties and noticed this typical Detroit Style Home going for as little as $1,000 in some areas.Look at the other pic of what someone did in another city with a similar style house and imagine what a D-town home would look like all fixed up like that.Imagine a whole street of fixed up homes, it's called Gentrification.And with a few homes in sight of each other fixed up, if the trend catches on the prices on the delapitated old shacks starts going up, and so does the price of the fixed up home.Some of these homes (not all of them) for the right person, could be diamonds in the rough.If you consider yourself poor, you could learn fixups from youtube, and buy the materials as money allowed (vs looking for grants or trying to get loans), and if you are willing to put in the labor....and put up with the danger of the area...a gentrified home could be the outcome.