As an investor, using OPM(other people's money -- a mortgage), the purchase price and mortgage payments will dominate the cash-on-cash and cap-rate calculations.Yes, we would all like a Class A property for $1.95, but somewhere in reality is the balance for what can I get as rents and not have the expenses drive me to the poor house.Highly recommend the Calculators here on BP to evaluate the possible ROI using realistic numbers for each property.

I would suggest stay small and dominate the niche instead of trying to trade up to larger units. 

It might be more of a concern in a complex dominated by owner occupants, who would be more likely to push through HOA rate hikes that are less likely to see a net gain for an investor.Your cashflow is entirely based on how much down payment you bring to the table and terms of the loan.

@Gene Murashko Am really looking to make connections and and do deals with those connections.

And I am also a member of HAPCO where there is a newsletter advertiser called Dominic's Appliances in South Philadelphia.

One thing is for sure, if we learn to survive in the new lead paint regime we shall dominate our areas...few investors will have the stomach for this.Andrew 

Welcome Dominic Buttino !

I dominated my area with bandit signs.  

Thanks you,Gene

@Dominic Williams Like anything, location and condition effect the price but you can buy and sell almost anything for a profit if you buy it right