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

Recommend 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.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

That has always been the case and is not tied to the current interest rate environment.

Your management has to be top notch, your marketing has to be top notch, your pricing has to constantly change with the environment, your design has to be incredible and the photos have to trigger that booking response.

@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.

I just took a class where a CPA talked about this.  

Hi Mario, I can not speak for Jake's classes but I can say this as one of Thach current student since April.

--------------------------------------------------------------------------------------------------------Recommend 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.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

This property isn’t in an A class neighborhood by any means and really just looking to update enough to be able to be livable.