.- They often get sold Class C or D properties while using Class A assumptions - then wonder why they are losing money.Here's some copy & paste info that you hopefully find helpful:-----------------------------------------------------------------------------------------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?

I think everyone's situation is different, and when one crafts their buy box, they need to consider their current family and finances.For me, when I started, I wanted to buy 2-4 unit distressed properties in neighborhoods I wanted to live. 

We know how challenging it is to navigate real estate, either starting out or as an experienced investor, especially when it comes to creative finance.

@Mike Levene cost to build per square foot is $200-$300 depending on finishes.So, you can start with that.

It's not easy to admit mistakes.I think you should start by eliminating the get-rich-quick mindset.

I think when you start you need to make sure you work with people who are reliable.

Should we start LLC? 

Is it a bad idea to start investing if I don't live in the country.

If I were you, I would start this way, if you are new to real estate investing.

Quote from @Gregg Hutton: As a realtor who started as an investor first, I’ve noticed a huge mindset difference between investors and traditional homebuyers.