Should I look? It's 1 mile away from where I currently live.
I figure, I need it inspected; I need to figure out who has liens and if they're all being released; and I need to find out if I can put $2000-$3000 down (it's $17,000 guys, $3400 is 20%) and get a $15k mortgage. I know it needs a level of work, I can do that, I'll own it. Tax assessment $1,300/year property taxes.
Dad of course says stay away, it's in crime central; but you know how that is. More blacks means more crime, Baltimore city is a black area, therefor I'm right in the middle of a crime sewer. I bicycle through this stuff every day (not lately), my experience says different and the city has a surprising amount of life for a rundown slum inhabited by poor people. I've walked through the most dangerous areas (even past a shooting, actually) barefoot seven miles at 3am, an... awe-inspiring experience; people who probably could barely afford food were outright offended that I wouldn't accept their help, but how can I take things from someone to solve a temporary problem when they live in a worse situation perpetually? As hard as that walk was, it was one of my favored experiences at the time... I learned something, I don't know what but it was important.
It's 2 years of rent (I pay $725/mo), if I can get a $15k mortgage....