@Beruk LessaneworkRecommend 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.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Properties in the area appraise for US$450-800k depending on the location.  

There's so much inventory that still must be absorbed it will be an uphill battle keeping your inventory occupied unless you are an A+++ location.

Does the effectiveness of each vary by location?

It was already rewired and had a special footprint/ layout and great location.

Not sure where you’re located but I’m in South Elgin, IL and would be down to connect! 

Before asserting the tenant's liability, I would encourage you to seek legal advice in the state where the property is located and move forward from there.

After 6 months my goal is to start looking and purchase my first LTR or MTR property (3-4 multiunit or duplex) I am located in South Elgin, IL about an hour west of Chicago.

I understand your point but but strong language like that, combined with the overexaggerate of the news and their storms of the century that actually never happened put out a little bit of a unnecessary fear out there , I get it tho , there’s some truth and practicality to it , I must admit the high insurance costs and hurricanes have caused me to rethink the investment location, but I’m not gonna tuck tail and run in fear quite yet because who really knows if this is the new normal, and even if it is people live and invest in Florida coasts  because it’s Paradise for most of the year and they love it and accept the risk . 

It was located out side of NYC with good rental potential.