That has driven a lot of DFW investors to our market but it's still relatively affordable for investors to get started here. 

For southern states, you might want to look at smaller markets in Alabama, Mississippi, or parts of Tennessee and Arkansas where properties are still affordable and cash flow potential exists.

If its a Class C I'd go for a more affordable unit, there's no point in putting in more money than you have to. 

I was broke enough that I couldn't afford rent at my apartment, but fortunately my landlord didn't notice, thanks in part or in whole due to some substance abuse issues.Anyways, when visiting my mom in the neighborhood where I grew up, I had noticed this construction van at a house on our street.

That said, if you can afford it and have the reserves, and more importantly think you have a decent chance of increasing revenue with the vacant units then I'd probably go for it.

The association has investigated loan products for such work, but has not committed to anything.

The founder appears to have been involved in businesses outside of real estate: ‘My dream is a locally made grooming products business’ | People | nashvillepost.comSo it does not appear there is a lot of track record there, but those are questions I would ask.

Do you have any idea of what you like most about real estate investment, even if it's not something you can do or afford just yet?

California is just not affordable for us, but we still loved living here.

Zillow Senior Economist Orphe Divounguy nailed it when he said mortgage rates have a massive impact on affordability.