So I will be mainly focusing on South Florida where I have people, resources, and experience.

For those of you who have been in a similar position, what do you think makes the most sense?

If so, what would be your argument for that?

@Kwanza P.780 + is generally the highest bucket any rate sheet will have. 

There will be an auction in a couple of weeks of properties located throughout Monroe County and I want to take part.

@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

If you haven't already, try going off market, driving around neighborhoods that would be of interest to you and finding ones that fall into your criteria (your agent should be able to help you as well).

However our smaller communities are being left behind, our properties are not up to current building codes, roads & utility infrastructure are aging.

Purchase price: $88,000 Cash invested: $25,000 Sale price: $179,900 I got this deal from an agent who was initially going to list it publicly but thought of me first.

When it comes to building a team, having a strong property manager and real estate agent who really know the OKC market can make a huge difference, especially if you’re out of state.