Also looking for feedback from people that don't work for BiggerPockets or are biased :)

Thank you James, you’re right, it’s so much easier dealing with the right people who as you stated, shoot you straight!

And the split is whatever you decide on. 50/50 is what a lot of people usually do.

The challenge with unsafe areas is (1) potentially higher cost of maintenance such as broken windows, etc. and (2) this is by no means meant to be discriminatory but anecdotally from people I've spoken to the challenging tenants tend to be at the lower price points.

Avoid any self-help eviction tactics like changing locks.Maintenance: As a landlord, you’re responsible for ensuring the property meets basic health and safety standards, including working plumbing, heating, and electrical systems.Inspections: While there are no mandatory inspections required before renting, your property should comply with building codes.

Is this how most people do it? 

But here are the basics of each class.Class A Property:This is the “high-rent district”.

Mistakes I see people make is they plan on living there a short time and over renovate the property where they will never get the money they put into it back. 

There are plenty of people looking to deploy cash into real estate but don’t have the knowledge or bandwidth to run a successful flip or BRRRR.

Ohio is a popular market for people in your situation.