Or try the reverse - rehab a property to Class A standards in a Class D neighborhood and try to get a Class A or B tenant to rent it.Unfortunately, many newbie real estate investors are jumping into buying affordable Class C rentals - expecting Class A results.

As you get more familiar and develop best practices, you can then go to new construction.I hope this helps.

Drawing from my experience delivering over 550 investment properties, I can say with certainty that self-management isn't practical for most investors.

@Daniel GrantzRecommend 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 is one of my moves is to report Baselane to FTC for such fradulent practices, despite covered in footnotes in terms and conditions.

It's a good practice to overestimate costs and underestimate after-repair values (ARV) to keep your expectations realistic.

To live multiple states away and run a string of successful C-class long-distance BRRRRs anywhere in the Rust Belt is practically impossible.

Is this standard for most major property management companies.

Curious if this is normal practice or in other management agreements people have signed? 

And then finally, there is always the option to just claim the regular standard mileage deduction rate of $0.67/mile.