I have seen it so I know I don't have to settle for less.I reject the notion from some people that higher end rentals do not require inspection.

@Scott Trench  @Brian BurkeThank you for your reasoned input.I’d like to second the notion that real estate is local and specific markets will react differently to the (negative) factors you note.Data I have reviewed indicates Class A and B product is down 7% to 8% and for Class C maybe down 15%.

Quote from @Chris Kendrick: Ok for first time new investors,  went to multiple of banks and there is no such thing as no money down or 3 or 5 percent low down payments,  its normal 20 or 25 percent down, so only way i see to profit from rental or investment properties is either flip or do the brrrr method , cause you cant put a down payment of 20k,30k or 40 or 50k, cause it will take you forever to get that money back if your only cash flowing around $300 or $400 a month, you cant buy a property every 7 or 10 years doing the conventional method of buying a house, so you almost got to rehab the house and either flip or get it appraised for more and cash refi to get your money back and rent it out, i dont know how everyone making money, please dont say seller finace, cause that dont exist The part that a lot of folks don't want to admit, because it would go against the notion of them being a genius real estate investor and entrepreneur, is that a LOT of the successful folks out there have really boring ho-hum high income W2 day-jobs, paired with living below their means.

After 30yrs, you have a house free and clear and notionally it hasn't cost you anything (I'm sure within 30yr you'll need a new roof, etc.). 

If you charge them more than a SMALL cleaning fee , going on the notion they havent caused any damage in such a short amount of time with in 21 days of their exit.

Any notion of such is moronic, it is.

If you subscribe to the notion that the expenses of a property will be 50% of GR you must know your financing postion if you are to know your true Cash Flow.

Also, the notion buying an investment property has its own implications.

While we tend to live in a "more is better" society - I'm going to challenge that notion a bit and tell you that quality is better than quantity.

I get the notion of 150-250 per square foot on expenses.I am trying to make a business sense of the build cost.