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Originally Posted by AceCR9
so then it may be better for me to invest in fewer relatively cheap properties in the suburbs, than ones in the ghetto- easier to manage, better tenants/higher occupancy, more likely for me to find a good property management company?
Not necessarily. If you need high cash flow property that you can hire out the management for, you are wasting your time trying to buy single family homes at all. ON the one hand, you're not going to find properties with good cash flow in good neighborhoods, but on the other hand, you can't hire out the management on properties in bad neighborhoods. See? You're stuck.
Perhaps you should save a while longer and buy an apartment building or a commercial property instead.
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maybe when I find places like that in not so good neighborhoods it would be better for me to fix + flip for a few k profit, than to hold on and try to rent.
It seems to me that you're going to have a hard time accomplishing this because its hard to find buyers in such neighborhoods. Maybe rather than flip for a cash sale you could do some seller-financed deals or something. What I'd probably do is buy, fix, carry back the mortgage, then sell the mortgage to a private investor.