The property would be in a C+ to B- type location, with cash flow as the main objective and appreciation second (75/25 split).

I’d recommend running cash flow scenarios on any potential deal to ensure it aligns with your financial goals.If you’d like help analyzing properties or securing financing, let me know I’d be happy to assist.Best,Drago

@Adam OrtizRecommend 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 property in Class D area to Class A standards, what quality of tenant will you get?

I am not sure there would be enough margin in this to support your goal.We know people are not lining up to accept section 8 so you could build housing targeting that group in some locations. 

@Salome Ditmars there are many out there—but unfortunately there is no centralized repository to locate them.

If these things weren't disclosed that could be an issue.Did you work with a licensed insurance agent to secure coverage?  

This not only secures your cash flow but could also turn a problematic tenant into a reliable one. 

A friend of mine rented her property near a base and connected with military housing officers at the Family Support Center, which helped secure steady tenants.

It is a very secure investment, and it is almost impossible to lose money on this deal.

If you do not have those it will extremely hard to ever sell it to someone who will require bank/lender financing or refinance it down the road if you want to pull out cash on the ARV or future equity.The other rule of thumb is that you buy it New and that it was never on another property or location, simple built onsite or trailered in from warehouse.