@Joel Betances sounds like you bought a Class C or D property - are you aware of this?

Yes, generally speaking, depending on tenant class, it's best not to get too friendly with your tenants.

UPPER FLOOR" which wasn't great but it's the best option support had for me.  

And how many classes are there? 

@Anthony Sigala that "Rule" was created for mostly Class B properties BEFORE the Great RE Crash of 2008-2010.Values after the Crash dropped so much, that it could also be used for Class A rentals.Values are now more than their pre-crash highs, so the rule now only applies to Class B & C rentals.How are you identifying Class B & C submarkets in your area, so you can properly apply the rule to the right rentals?

Your market is expensive, I wouldn't look for normal working class people as your target customers.

The issue here isn't the asset class per se, it's the class of tenant associated with that class of property.

We don't recommend "newbies" start out with Class D properties.

For example:CapEx: $250-300 per unit per year for older properties, adjusted based on age and condition.Maintenance: $500-800 per unit per year, depending on property class and tenant turnover.Make-Ready Costs: $1,000-2,000 per unit for turnover, depending on the scope of work required.Resources and Tools: Utilize tools like BiggerPockets’ Pro Calculator or other underwriting spreadsheets that have built-in assumptions for these categories.

Turnkey or close to turnkey would be nice, but willing to consider a fixer upper for the right opportunity.