Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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 property in Class D area to Class A standards, what quality of tenant will you get?

Are there key adjustments I should consider when applying these strategies in today’s market?

But as long as its not directly in the flight path, it will be okay. 

Specifically, you could forego hiring a property manager in the first year, as this is when you would want to apply a cost segregation and accelerate depreciation.

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too

You can oversee this aspect from the background but don't try to directly engage a GC from out of State without having someone tied to your success there to watch what's going on.

Keep in mind this is a self-directed account and most are not.  

If so, then you let them apply.

Stick to Your TypeWarren Buffett once said, “The difference between successful people and really successful people is that really successful people say no to almost everything.”Apply this principle here:Decide on your property type.Say no to anything outside of that type.You can always pivot down the road, but starting with focus is crucial to building momentum.

Ask direct questions.