These have been boarded up places, I'm not talking Class B rentals here.

It takes 60 hours class, an exam and sponsorship from local REA.

Outside of that property class, things here are super competitive, the same as everywhere else.

I plan to save the rental income for reserves, screen tenants properly, buy in C+ to B class properties. 

@Michael Bishay you're mistaken if you think buying S8 rentals will make your portfolio easier to manage and more profitable.You're just trading one set of problems for another.But, you probably won't heed this advice:(So, yes, seeing if/how any Class C tenant has trashed their current home, will give you an idea of if/how they will trash yours is a great screening tool.We've been doing this for almnost 2 decades.The COVID mainstreaming of Zoom has made it so much easier!

We rely on classes and our entities have anywhere from a few dozen to hundreds of classes. 

The market rent puts all three together at approximately $2900 monthly.Costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP.

I'm currently taking classes in wholesaling by Sean Terry and they recommended me that script.

If you own enough units you also could be exposing yourself to a class action lawsuit if that tenant talks with others.

The home is currently now worth about $525,000 due to the rapid appreciation we all encountered during the pandemic and we believe rent is pretty much capped for the area (class C area).