If it is, they're not a good choice.

How can a building make a profit when people are living practically free and there is no subsidy?

Not that they have a choice not to pay, but the issue is that no one may have the money to pay the expense up front and there is no money in the reserves. 

Less potential buyers / renters (it takes a special kind of investor to buy in ghettos)So.. if everything goes right, it's a great low priced note for you to practice on and potentially make $$$.

Number of units matters as well.I focus on the commercial transactional side and my own investments by choice.

Don't go over your max bid that you predetermined and practice patience.

I'm impressed with the tax answers he gives here on BP and he's set up his tax practice to help folks all across the globe.

It takes a lot more time to manage 3 one bedrooms vs. one 4 bedroom where the cash flow may be comparable.Since the Denver metro and front range has an increasing population base, I would stick to that if Colorado is your first choice. 

I could not get that much in my area due to this not being an acceptable business practice. 

Tell her she has gotten to live in the place for practically nothing for a month and rather than go through an eviction it would be easier for both of you if she just left.