Right now any market where 1% rule is met the properties most likely would be in C and below neighborhoods.If you are a long distance investor (like me) I would recommend staying in B class areas where tenant quality would be little better, you might have to sacrifice cash flow a little but you have better shot at appreciation. 

not picking on your post in particular, but I'm observing a downtrend in quality on BP of late. 

The fact that you've raised over $170 million and have passive investments in $1.6 billion of assets speaks volumes about the quality of your team and your approach to real estate.If you’re looking to finance future acquisitions, I'd be happy to get you some very competitive bids on financing...I'd love to learn more about your investment philosophy and how you approach large multifamily projects.

For now, there's nothing wrong with doing your homework but focus more of your time and energy on finding a quality property to purchase.

% of the Gross rents allocated to maintenance in the past 3 years# of Global turnovers of portfolio under managementMarketing:What is your marketing strategy to find quality Tenants?

@Hector Espinosa 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?

@Seth Mattox it can be done from a distance, but I think the quality of service will be sub-par and it will take a lot of extra effort.

@Eric Fichera 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?

Here's a https://www.irs.gov/businesses/cost-segregation-audit-technique-guide-chapter-4-principal-elements-of-a-quality-cost-segregation-study-and-report to the IRS website noting specific items that are included in the cost segregation study report.

I would say the quality of life here is high and so are the rents.