Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Where can I find the info on how you group the different neighborhoods into classes? 

We are going to look at a 5 room apartment building next week for STR and MTR use.

You're better off focusing on specific markets, specific neighborhoods, analyzing numbers, and building an ideal buy [box].

That is a great nest egg to build upon, and it diversifies your wealth.

I personally like to buy in towns/neighborhoods in which no new builds are possible within 10 miles because all the land is developed.

we underwrite 10% land cost to finished build value.

Renting could allow you to focus on paying down debt and saving for a larger down payment, while buying now could help you start building equity or even generate passive income through house hacking.

Build equity while gaining experience as landlords.

What Neighborhood is it in?