Buy a home in the right neighborhood and you can sell it at any time and walk away.

I have a duplex in a very desirable neighborhood in Michigan.

My concern is the OF with repairs $30K  with down payment of $5K down, find out what kind of neighborhood it is and check the crime area. 

However, houses are sold quickly in this neighborhood.

That being said...there aren't going to be rent decreases in Highland Town, Cherry, or Congress Park or in up and coming neighborhoods like Berkeley.

The best deals are the ones you find/create yourself, but that means you have to put the time and work in to find/create them.Start with the neighborhoods around your house - do "driving for dollars" looking for vacant or derelict properties and send a letter or postcard to the owners offering to buy (to find the owners use RIPropInfo.com and the Assessor link for the town, then look the property up).

Those that support the following goal: "Strategically concentrating on specific NC neighborhoods, purchasing homes, rehabbing to "responsibly Rent", revitalizing those neighborhoods and later selling the homes for a profit.

I deal with buy, rehab and sell owner occupant properties and there is nothing worse than seeing a neighborhood going down the tubes because of rentals. 

Good neighborhoods.

I would contend that where location ranks on the "importance" scale depends largely on your specific goals.