Visit the property and learn about various renovation stages, gain insights from our experienced investors / speaker, and learn strategies for evaluating deals, managing budgets, and maximizing ROI.What to expect:Property walkthroughsReview before photos and discuss transformation plansDive into real deal numbers—costs, profits, and challengesNetworking with industry prosOpen Q&A session to ask anything about the process

I'd also suggest self-managing your first property to maximize cash flow and learn by doing for any future investments.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

I currently use Gold Key Property Management in Anderson IN, and have been very happy with there services.

Quote from @Dawn Harris: We have a STR managed by a property management company.

I am interested in buying a long-term turnkey property in a nice area (I live in San Diego so this property would have to be out of state).

Quote from @Brandon Croucier: Financing a commercial MF that runs as an STR is possible.Appraising a property based on the income is not, whos to say a buyer would STR the property. 

3) How well prepped was your property?

As a sole operator, you have all the policies and procedures in your head and can apply them to many properties without referring to a binder.

I have some family in San Antonio and grew up visiting often.