Because those rules are simpler than analyzing your own risk/reward profile or long-term investment goals, they attract a lot of attention.  

If you're going to go with C class building just make sure that you are rewarded for that and also plan for higher vacancy, turn over costs etc.

I know being a landlord is no easy task but can be rewarding also.

That number seems to cover any unforeseen expenses and still walk away with a good risk/reward.

I have mentored others and find it to be very rewarding.   

I have seen from numerous transactions we have done in the past, that some management companies will stick it to California and New York investors with their rates by charging "California" type prices whereas a Midwest investor will be paying a lot lower. 

Keep in mind, my main goal isn't to purchase numerous properties right now.

You can always find war zone stuff were the numbers are skewed but they are skewed for risk / reward.

I can see how finding a way to reward yourself after finding success can be motivating.

I am 42 yrs old and after reading Rich Dad Poor Dad and listening to numerous podcasts which include BP, The Real Estate Guys, and some others I feel its time I take action.