Dear experts, here is another two deals, both houses.
Downtown house, low income area, old community, bad schools
House 1400 ft (exclude garage), lot 6000 ft, 1925 build, 1970 update,
3 beds, 1 bath, 1 living, 1 dining, and a 2-car garage. close to bus and rail station. House is very old, although the owner claims little to repair. I think the windows need to replace in a few years. Roof ok, wall ok just look old.
Current rent $800 per month. Govt subsided at $600, a single mom with 3 kids pay $200. SHe is a nurse. She has been there 4 yrs. Tenant pays all utility.
#2, not great income but might have potential in appreciation
Mid-class area, mature community with great schools
House 1100 ft (exclude garage), lot 8000 ft, 1954 build, 3 beds, 2 baths. House is old with brick walls. Pain and Minor repair at $1500-2000 based on the home inspector. Looks OK.
Current no tenant. Local rent lowest seen is $1100 per month for similar home, and $1200 possible.
Please provide advise. I am going after both.