Looking mainly Class C or Class B properties - professional, students, small family renters target.

@Ketul ShethRecommend 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.

For example, the unemployment rate, relatively low, is 6.5% versus MA's 3.5%It's been a long time since I was more familiar with Springfield, so I'm not sure about the impact of the casino.In general, similar to other working class cities like Fitchburg, in Springfield I'd imagine you'd fine the following conditions:- Attractive Cap rates- Medium vacancy- You're paying a realtor or property management company to find tenants (in higher end cities the tenants pay the realtor fee)- Section 8 tenants -- could be a negative or positive, depending on your view.

In A class neighborhoods, stay away from carpet. 

Depends on the Class of tenants you get!

Owning multiple types of multi-family rentals (Class C and B for now), I have a good grasp of the value, in addition to just public rental data, so not really a problem for me.

Just be sure you take time to understand Property Classes, so you know what you're getting yourself into!

@Varun Sharma What Class of property/tenant are you expecting that will meet the "1-2% Rule"?

Some you will like and some are very 'pitchy' selling all kinds of classes and junk.Meeting people in person and getting to know them and what they do will help increase your knowledge that much more.

This could result in class action lawsuits where tenants of a building file together and basically wipe out even mid-sized landlords.