Owning property in an underserved neighborhood. Got any stories? Good, Bad, in-between?

What's your experience with underserved communities? I'm thinking of buying myself and renting it out.
In Buying Property - Asked by Raymond S. - Jul 26, 2017
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Answer(s)

Shunji M.
Owner/Investor
Albuquerque, NM

I bought 8 units apartment for $310,000 in San Antonio.last year .
I renovated , spending $7k per unit . I replaced bad tenants all of them and increased rent which is 5% lower than the market rent The cap rate is now 7.50 %. I have a property manager who is a carpenter, too.

Aug 27, 2017
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