@Chase AlexanderRecommend 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?

No we don't believe or expect to get a 5 every time but we do as if we did as this help us all ensure that we provide the best product and service to our guests and we'll have the best rating we could, even if it's not a 5.

As a broward county investor, I'm not exactly expecting a boom in prices over the next 3-5 years. 

Wait .. all...This entire question is wrong.See, be careful when you say Every 1000, gets you a deal.Most of you are implying "Law Of Avereges".Law of averages state that something has a higher probability of happening because of the expectation it has to happen because it didn't happen yet.Consider this.

How much do you expect the rehab to cost?

@Rosette PooleRecommend 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?

What can I expect for timeline, potential issues, rough costs? 

I expect renovations to cost $60-70k (I’m padding in extra for worst-case scenarios, I’m conservative like that). 

This way they know you are scaling but also are aware of your expectations. 

For an $800k investment purchase, I would expect $200k downpayment, $10k-$15k in closing costs, and 1-3 points at $6k/point.