Here's some copy & paste advice we hope you find useful:----------------------------------------------------------------------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 Class A property in Class D area, what quality of tenant will you get?

Additionally, check with your CPA for any tax implications, even if you don't expect capital gains.

so - if that aligns with your goals and expectations, great!  

@Kevin L.I think most tenants understand when a building is sold they can expect some changes, which usually includes rents going up.It's up to you on how you would like to handle the situation.

Even though the lease says it’s her responsibility, if the previous landlord was paying it, there may be an expectation you’ll continue until this is resolved in court.

You'll have to take a serious cut in what you expected to make.

After the election and purported rate cut(s) from the FED, I expect buying activity to pick up rather noticeably, which means more competition and likely higher prices. 

If the property hasn't appreciated or you haven't completed necessary renovations, you might not get the refinancing terms you expected.

We generally expect to see 2-2.5x gross rent vs.

At best, you should expect consistent marketing updates while a vacant property is being marketed for rent.