-------------------------------------------------------------------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?

Purchase price: $185,000 Cash invested: $5,000 Sale price: $220,000 Occupied by my in-laws.

(IF you purchased and lived in property asap, then rented it out, then returned to it it sell it years later - better plan.

We source and purchase all finish materials for our projects (lights/plumbing fixtures/etc). 

Purchase price: $161,000 Renovating now What made you interested in investing in this type of deal?

I started with a house hack then purchased my own rentals/BRRRRs and now I own a successful 7-figure rental portfolio.

The property that you sell and then purchase through a 1031 Exchange must be held for rental, investment (capital appreciation), or used in a business. 

Once I get a few deals under my belt and money is more abundant, I'll also purchase Seth's training.

Purchase price: $150,000 Cash invested: $60,000 Rented it for $2195.

You purchased the home as your primary.