One more things to add is to talk to some neighbors in the area you are looking in. If you're looking into a condo each complex can even vary depending on how it is set up. Also, spend time in that area during different times of the day to make sure that you feel safe and secure.
With such a big investment at hand...you want to make sure that you are making the right decision and will always feel safe and secure.
I think it is important to note also that this particular area is being redeveloped in many areas and the potential for future appreciation is greater as a result.
One item I would add is to compare crime rates in various locations. If you just focus on the crimes and rates in your search area it will scare you. Every area, whether high end community or low income neighborhood has it's issues. Once you compare multiple locations it will give you a better perspective on what the crimes are, how often they occur and if it's something you can live with. Because the reality of our world is that we all live with it around us.