@Sehyun Lim 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.

A quick Google search shows that Class C in Dallas gives a 5.75% cap rate.

Is that what we have here, people dolling up the units- value add- and collecting the extra rents, or are the renters paying higher rents for a more low class living experience?

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

Think about going to see there office  I'll pony up appraisal money directly to a legit AMC like Class Valuation, etc, but I wouldn't give my card to anyone I couldn't verify as legit.

However like you, I am very bullish on DC over the long haul and actually think that asset class makes more sense for the city, especially if as an investor you have hopes of turning a profit.

Also avoid certain types of rentals-the C and D class are more likely to have higher turnover costs as they attract a lower quality tenant.

You can get creative with the terms and even throw in some real care like if they attend classes or group then X.

My son (22) is interested and just finished the class to get his license, but may or may not use it.

It's in a B-class neighborhood that's about 20 min outside of the city center (in more of a suburban neighborhood).All of the units are 1/1s though.