This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

Have some diversity, C areas with low entry and high cash flow, the majority should be B areas with stable income, appreciation, tenants. 

@Byoung Bae would NOT recommend an inexperienced investor try to DIY manage OOS anything other than a Class A rental.The odds are against you and you will statistically lose a LOT of money.Read below for some friendly advice:-----------------------------------------------------------------------------------------------------------Recommend 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?

@Carl C.

A/B/C market.  8. 

I would get more details on the numbers and go through it with an experienced investor. 23% expense ratio is laughable for any apartment building, let alone an old class c product.

They are very real and, very C-D class. 

They have a ready made resource called "Commercial Agent" who does, literally, EVERYTHING a wholesaler says they can do BUT they are (a) licensed, (b) insured, (c)get's MORE for the seller, and (d) does all this for LESS. 

It is a very long term investment but would sell for insane profits C.

I had over 200 sfrs in jackson proper all C and D class U want to think they are B s  but not really in all but one area of the city of Jackson and a ton of section 8.. those were a nightmare..