You may have different criteria for what would make you interested.From your post I am gleaning that the property would be producing $400/per month in cash flow or $4,800/year.Assuming you put down 20% of $190,000 = $38,000, you are looking at a return of invested capital of $4,800/$38,000 or 12.63%.

I also know the property is of high worth, meaning a million plus, and the land itself might be of the most worth, so it could be attractive to commercial builders?

Because of the low interest rates it is an attractive time to pull equity out and reinvest.

Probably will be cheaper than a lot of financing options for the rehabber and no initial cash outlay so it can be attractive.  

Starting investors with low capital are often attracted to these high crime areas because of cheap prices.It's a way to get started for many.Those with lots of money already avoid the headache for the perceived extra yield etc.So it's likely to find buyers for any type of real estate asset bad area or not if the price is cheap enough.

I have been reading BiggerPockets for several years now but recently decided to jump in feet first.I am not a complete novice to Real Estate investing but I have a very long way to go in order to fulfill my dreams of giving my family the long term income and security they deserve.I firmly believe that Real Estate along with a balanced portfolio of retirement accounts is the only way to go.Real Estate has always been a passion of mine, to learn my craft and acquire as many income producing properties as possible.As of recent and what really got me into high gear is that my first baby (girl) was born 8 months ago and I want to provide for her future unlike mine.Now I have this new hunger, direction and priority in life and have decided to commit myself 100%I know this is going to be a long process and am very ambitious and having a newborn is a powerful motivator to learn and create wealth for my wife and baby.A little background on me…I am married and have a 8 month old baby girl.

So, what is the economic attraction to Rochester?  

If your goal is financial independence (having enough income generating assets that produce enough cash flow each year so that you can afford to live the way you want without having to work), then must first accumulate the income producing assets. 

She'll let you know if your deal matches what she needs or if not, then what would make it a better match.If you don't have a deal at all and just said that in the ad to attract phone calls,  then you are wasting people's time, and I for one would not take you very seriously.

There are plenty of MFR that produce.