Btw, I learned about this from a book about the career of Harold Helmsley (pre Leona!)

I started my career as a commercial banker a long time ago, but have been an independent mortgage broker for nearly a decade.

The early portion of my career was buying turnkey rentals, like the one you described. 

You want the highest quality tenant as possible & those two intangibles we find makes a difference. 

Maybe getting a referral from people who are respectful of the property will bring you a better quality tenant?

I started my real estate career in 2014 working in marketing at PPR Note Co. with Dave Van Horn.

-----------------------------------------------------------------------------------------------------------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?

@Serge Hounkponou Recommend you first figure out the property Class you want 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?

The DST I purchased with Allegiancy (Alorica DST in Ft Worth, TX) did not do good due diligence (in my opinion) regarding the structural quality of the buildings they purchased for this DST in 2022. 

The quality of available tenant varies drastically depending on the neighborhood.