The characteristics of this tenant segment have a significant impact on your rental income.For example, below are the characteristics of the three major tenant segments in Las Vegas.

this is soup de jour in most US major cities.

Ask anyone with investment property and they'll tell you it's not passive.I earn enough from investments that I could be financially free for life, assuming nothing major happens.

However, the lower payments give you flexibility in case a major life event stresses your finances and/or monthly cashflow. 

Obviously major issues like leaks are not something you want to over look.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I am currently a full-term student, majoring in business management.

if the property breaks even, you should be OK since in theory there won't be any major capex for several years.

It’s a tertiary market, but has multiple major employers, the largest hospital in the state, and a university.

I own a property in the Disney market and co-host/manage another 25 in the area.Disney I think is a good market if your goals are more aligned with traditional long term real estate goals, and a bad market if your goals are more immediate gratification and short term cash flow.The major benefit of the Disney market is that it's about the safest market you can find from a long-term perspective.