Look at property values, trends, and neighborhoods to identify opportunities.5) Create a Budget: Determine how much you can invest, considering all associated costs like down payments, closing costs, and maintenance.6) Build a Network: Connect with real estate agents, investors, lenders, and other professionals.

There is a long LONG list of towns, neighborhoods, markets that have had a downfall and NEVER recovered.

If yes, which neighborhoods is relevant?

We spend a lot of time furnishing and styling these units.

The purchase prices, lease rates, asset quality and neighborhood safety are not aligning. 

These threads are representative of our regional, neighborhood & scope specific differences.

Or try the reverse - rehab a property to Class A standards in a Class D neighborhood and try to get a Class A or B tenant to rent it.Unfortunately, many newbie real estate investors are jumping into buying affordable Class C rentals - expecting Class A results.

As for strong rental potential, the more desirable the neighborhood the stronger the rental demand will be.

They are also two zip codes you can get burned on really easily if you don't know the neighborhoods and don't spend the time doing your due diligence.  

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.