Some rental investments don't pay off

Neighborhood, local economy dictate profit potential

Buying foreclosed, or otherwise inexpensive, residential units with the game plan of renting the property for as many years as it takes until real estate appreciation returns has proven to be a time-tested and generally successful investment strategy.

Unfortunately, it’s not as easy as it appears and just because a residence, whether a condominium or a single-family residence, can be acquired cheaply, it doesn’t mean that a home-rental scheme can be operationally profitable.