You could look into classes to teach you about property management.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.If you have had a cost segregation study performed on your property within the past 10 years, have you evaluated it recently for additional benefits that could be obtained?

@Amy KimRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I think it matters more about asset class and expectations...if you are buying apartment complexes and hire a PM the has a portfolio of SFR's you're going to hate yourself at the end of the first year.

Hi Zane,I live and invest in Alabama, but the answer to your question depends on your strategy:Are you looking for turnkey or distressed / rehab properties, do you plan to self-manage or use a property manager, what class neighborhood, are you buying cash or how much will you put down, are you willing to look at cities just outside of Huntsville? 

Remodeling and repairing during the night and hunting for deals while I was in class.

@Gabriel Miritello for vacancy, it really should be called Vacancy + Tenant Nonperformance.Will depend on the property Class.Class A you can usually get away with 5% vacancy, as nonperformance is basically zero.Class B we recommend using 10%Class C we recommend using 20%Class D we try to stay away from

I guess your argument is that this is particularly tricky in the current high-interest, high-price environment, which is a point well taken.

. - The 3rd lender, on the right, with the best rate, requires that one borrower/sponsor be experienced in the asset class, and that they personally live local to the property. - 1 regional lender (Pima + 1 other county), 1 state-wide lender (AZ), and 1 national lender, not in that order, is represented here. 

We don't have a lot of small multifamily.Upside-Landlord friendly, great growth, diversified economy, great central location, business friendly environment, no state taxes, population growth, job growth, probably wage growth.