Here's some basic copy & paste info that may help you make better investing decisions:----------------------------------------------------------------------------------------------------------------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 property in Class D area to Class A standards, what quality of tenant will you get?

In answering the where to live question, things about the quality of life things that are important to you and work backwards from there.

Does it need repairs? 

When they move out and i paint over the spackle repairs it is usually undetectable. 

These are high quality properties that require very little or no deferred maintenance for the Buyers.  

If you think you can find a higher quality tenant, then that is a different conversation entirely. 

I recommend you budget 5% of the gross rent (for the whole place, even what the rent would be if you were living in it as a tenant) for repairs and 5% for capital expenditures.

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Regardless of how you financed your rental property, you can generally deduct repairs and take advantage of depreciation schedules.