The neighborhood was hit hard when the market went down.

Look at it this way, all money they send to PG&E they cannot pay in rent to you.Before we move inside, let’s briefly talk about the neighborhood.

In that neighborhood it's the only way to collect a paycheck.

I know many neighborhoods in Houston that never appreciated for decades. 

You can put your equity into a nicer neighborhood with better tenants and less capital expenditures (if you aren't already in a nice neighborhood) and also reduce your involvement by hiring a property management company.

At the cheaper price points that will likely be PG county, and then DC has a number of neighborhoods at different price points.

I do believe there is a value add in working with a local lender whom is knowledgeable of the area (as Baltimore neighborhoods can be eclectic), however was wondering if those terms are reasonable.

Myers area that are in low income neighborhoods.

This model obviously isn't as popular as the colonials given that there are only 2 in the neighborhood like that.  

You don't want to price yourself out of the neighborhood!