Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

It offers a lot more than just rent collection.

You don't provide enough data to know.Every product is only worth what you are willing to pay for it. 

Here's a few things that help me: For macro industry trends, I like the STR Data Lab podcast by AirDNA and Jamie Lane. 

. 😉  Lack of investment capital (money) ought never be the obstacle because if the deal is right, the money will always appear.Then, you’ll need great data sources both for identifying opportunities and confirming the facts.

Now I’m sure BP has all the data and statistics to so h the know better than me what people like and want to hear.

I'm looking at expanding into out of state and just trying to figure out what questions I should ask/data I should gather to make an informed decision!

For market pricing, I collect LTR data from BP rent calculator and multiply by 1.5x.

Perhaps if your partner was a general contractor or handyman type there may be some merit there to reduce costs / increase profitability.If your partner enjoys deal sourcing, a better move might be for him to become an agent - so he could legally collect commissions from finding deals and managing properties for multiple people. 

But I wanted to collect some recommendations in the meantime.