Quote from @Chris Scarazzini: Hello bigger pockets community, I am a new investor located in the capital region of NY.

One of the biggest challenges of investing in Rustbelt cities is knowing where to invest and properly understanding the cooresponding pros & cons.Here's copy & paste advice we share to help to address this challenge:-------------------------------------------------------------------------------------------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 Class A property in Class D area, what quality of tenant will you get?

The state doesn’t have rent control laws, but landlords are prohibited from collecting more than one month’s rent for security deposits.

I am located in Maine and have 2 six unit buildings, 2 four units, and a 5 unit. 

We have 3 attorneys we use depending on location & situation. 

It all depends on location of course. 1 good thing I have going, there is no restrictions there.

The insurance is for a rental condo property located in Madison, Wisconsin I’m wondering if anyone knows of any other insurance company.

I'd say it's a good deal considering you are in a location you want to be with a solid asset.

The dirt and location is where the money is at and not the property itself.

You have engaged and paid securities attorney and are compliant with Reg D offering