3) If there is a major issue at the property such that nobody can live there, it is expensive to move and you need time to find a place.  

Nothing major here.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

With less demand, sellers may be more motivated to offload properties, especially those facing higher holding costs due to rising interest rates.Also, the election season plays a major role with what's going on. 

For me, the majority of learning came “on the job” while managing my first few deals.

-- Right now I'm interested in class A/B suburban markets outside of NYC.NY can potentially be a good fit for your goal of building equity.According to Zillow, San Diego is the only major metro area with property value growth higher than NY since last year.

I credit report and have yet had a major issue.

Even modest upgrades (kitchen, bathroom, fresh paint) can make a big difference without requiring a major financial investment.

The population is growing, the job market is growing, and there are so many major companies moving and developing out here like Intel, Amazon, Google, Meta, etc.

Plumbing roofing electrical hvac water heater everything is new so Im not expecting nothing major for at least 5 years.