Advice on buying a house for investment (Fort Wayne: renters, credit)

[Allergyvictim]

I am planning on buying a ranch house in N/NW/NE/SW Fort Wayne for investment ,
the price range is 110-140 k ,I am looking at rent of 900-1000 $ per month
the city is growing rapidly and for that reason I have few questions
1-where do you think I should buy
2-what matters the most to you as a person seeking rent
3-Who are my tenants ?

Thanks for help

[belovenow]

Residential-landlording like this in Fort Wayne is a horrible investment. Known several people who tried and who got out as fast as they could within a couple years. Renters in this area are renters because of horrible credit and low-income; otherwise they would buy (the homes are so reasonable in this area it is ridiculous). Recommendation I received was to save up a little bit more money to buy a commercial-zoned building as commercial clients are much easier to manage and do less damage to investment property.

[Allergyvictim]

So I worked on your advice ,I took my realtor to see some properties < 200 k ,
what I got after a long day,those properties sound less troublesome but they are hard to rent ,hard to sell !
I think I am going to keep looking for house for investment .
I don`t think people who rent have horrible credit ,I my self have excellent credit (750),I rented for 4 years in Ft Wayne ,last year I thought of buying a ranch to live in it ,now I am working on leaving Ft Wayne ,I am staying temporarily at my sister`s house because I spend most of time now in Chicago ,I rented my house out to a nice people via a friend .
You could manage to make your life easier as a landlord by making the contract more advantageous to your side