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i recommend not buying a slum! it seems like the lower the cost of the house and the lower you charge rent, the more likely you're gonna be stuck with shit tenants and plenty of repairs. Hopefully the laws in Kansas are a little friendlier to landlords than they are in Quebec.
My next revenue property will definitely have higher rent in a better part of town. Even if the potential ROI on paper appears lower, I'd rather deal with the predictability of a tenant who can afford higher rent in a nice part of town.
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