It is supercritical to do this ahead of time to have a plan A, B, and C.

Quote from @Michael Smythe: @Jerry NoguerasRecommend 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?

That’s why many syndicators rely on exemptions like Reg D (506(b) or 506(c))—it’s not about the filing fee, but avoiding the regulatory burden and costs of full SEC registration.

Any "C" average student can be a millionaire by the time they are 43.REI types:1. 

Location is more important than asset condition, the C and F class areas are all the same no matter what city you are in.Prioritize Location and Asset condition over cash flow and you can get some cash flow.  

@Ofir R.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?

Banks A, B, and C will have to have the same guidelines. 

Depends on the layout.Have seen 3 & 4 units properties that were townhouse/row style with no shared space except yard and parking.Also depends on property Class.Class A rentals attract best tenants who usually take care of their homes, no matter the number of units.Go down to Class C/D properties and those tenants are what you refer to.

(A,B,C, D areas)?

If have investment property, we are looking for relatively updated units (we are ok doing some work ourselves), class C+/B tenants, with rents either close to market rate or that can be increased.