Recommend you connect & communicate with @Russell Brazil who knows a bit about the Baltimore market.In the meantime, read below about how nightmares often occur: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?

There are some solid advantages here: new construction typically means lower maintenance costs upfront, modern amenities that attract quality tenants, and potentially higher rental income.

Thanks again.No, this is not my asset class - I prefer a higher quality product, in turn I can capture a higher quality resident/tenant - mitigate turnover and increase ROI :)

I love the federal hill area in Providence, though it tends to be on the expensive side, but also reflects in the quality of tenant and rent that you can get.

If you want to scale, particularly if you want to do so quickly, then I recommend you learn how to find a quality PM.

The quality of modern lumber is simply far inferior to the quality of lumber they were using to build homes in the early and mid-20th century.

Additionally, I think a new build would attract higher quality renters.

In the end I dont know who is really dealing with my property for me to talk to.Looking at the experiences from initial couple of weeks, I grew suspicious about the quality of the company I am dealing with, so I read about various reviews I found online about this company and I can confirm many of the bad reviews I read online.After several weeks of scheduled and cancelled showings, last week they came up with a group applicant with low credit score ~600 saying they check out fine with their system and hence we should rent it to them.

This is a high cost of living area, and in the neighborhood right now, I see a 3 BR of worse finish quality listed for $3k and a 4 BR that's about equal for $3900, both unfurnished with long term leases.

This helps in setting the right rental prices, finding quality tenants quickly, and understanding local laws.