With a PM in place you will have to pay them their cut and to go back to the second part if you end up buying in a lower class area you will be getting a lot of turn around it’s just the way it is.

Our goal is to stay away from the war zone, class d/f stuff. 

You can exchange tax free into about a $2.8mm class B apartment complex.

People invest in all classes of neighborhoods and do just fine, as long as they know what they are getting into and have proper expectations. 

Oregon STR's are a limited asset class and likely to be more difficult to acquire during the next 2-5-10 years. - Comparative Affordability: The Oregon Coast still offers a lot of value in comparison to other coastal states, particularly neighboring California & Washington.

I would also consider Nevada - Midwest:  affordable but know the difference between Class A, B, C and D.

@Chris Rogers higher interest rates have caused most Class A property purchases to NOT cashflow for an approximate 3-5 years.So, many naive investors are chasing Class B, C & D properties to cashflow, WITHOUT fully understanding the scope of the additional risks involved:(Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I was offered a partnership for a physical fitness class.

My only comment would be that C class properties are not worth the discount you’d get at acquisition.

Really curious what part of Cleveland this is because this does not sound like C/B class area.