@Tucker Mason in our opinion, it depends on the Property Class/Tenant.Class A: most people can DIY manage and learn what they need to know on the fly.Class B: A bit harder, takes more time and there's more risk with maintenance and tenants.Class C: should only be attempted by EXPERIENCED landlords!

You will also learn from others which operators they like or don't like, which asset classes are going well, diversification strategies, standard terms and more - and most of all you will have other like minded individuals to consult with who are on a similar journey.  

To add to what @Jonathan Greene wrote:1) Understanding the local market, so you know what Neighborhood Class your building is located in, what Class your Building is (condition & amenities), and what corresponding class of tenants will be attracted.2) Using all this data to properly set your expectations and a realistic ROI.3) How to better screen prospective tenants, including catching fraud, so your property performs better.

@Robert MorrisI have seen this technique done by an older landlord/mom and pop owners of C class properties but it worked well for them because they were in a 20-50 unit range of properties that they were self managing - they were also local to their properties.

Welcome Caden,I am in the same boat as you.

I actually had a Financial math class in HS and we watched shark tank for 2-3 months.

@Chris Watkins and I also teach a "New Investor Series", our third class for how to scale up to multiple properties is in November.

If the new property has less of either asset class (1245 or 1250) then the difference is subject to tax at the rates mentioned above. 

@Anna RamashkevichRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Happy to serve as a resource for any questions you may have about the area.Also, like @Karen Wanamarta mentioned, it’d be awesome for forum members looking to help if you could share a few details about the strategies or asset classes you’re looking into.