Baltimore appears to be a very attractive market--very inexpensive with pretty good rents. However, people who know Baltimore will tell you that the character of the city changes block by block. You really have to know what you're doing and what you're buying. While I know some people who've done well in Baltimore, I also know some who've gotten badly burned.
Make sure you're dealing with someone who knows Baltimore, who's done this before. Make sure, too, that you've got good management in place. And remember that you're buying solely for cash flow. Forget the "ARV" figure on any properties you buy for rentals. All you care about is a healthy positive cash flow.
Hope that helps.
My career before children and a Realtor was a BCBA (Board Certified Behavior Analyst)-my background in statistics/analyst training can identify what properties are potential investor properties.
Email me at : SusanReinhart6@gmail.com
Call or text me at: 410.456.1943
There are plenty of other areas to invest as well, but you want to determine whether you are comfortable being a landlord in these areas. I have investors that have property all over the city and their reasons for selecting homes were based on purchase price, cash flow, and their comfort with the neighborhoods in which they wanted to invest.
As an investor and Realtor I would be happy to guide you through the process. I can be reached at 443 564 0952, firstname.lastname@example.org or visit my site at http://www.findbaltimoreareahomes.com.