A lot of classes can be used in multiple states.

The equity pay down in many RE classes (residential, storage, hotel/motel, office space, industrial, etc) ispaidby the tenant.- there are ways to never pay tax on gains (1031, owe until death, etc)- cost segregation can in effect have RE acquired at no cost- sweat equity can produce additional return.  

I know the area like the back of my hand and believe Indiana has tons of upside to invest in.I came from a low-middle-class family of teachers.

Also, consider this copy & paste advice below: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 Class A property in Class D area, what quality of tenant will you get?

How do 5-7 people share food space, kitchenware, cooking time, etc?

Hey Andrea, for STR you're definitely going to want to look into A/B class areas.

So I dont know good investment maybe.. cooks off in the next 5 years we make some pretty serious dough..

@Joseph Gary there are Class B Neighborhoods in Detroit and most of the Ring Cities (suburban cities touching Detroit) are now Class B.We've got it all mapped out @ our website.DM us if you'd like to discuss more:)

The asset class will be dependant on how much capital you have availabile and how much renovations you plan to perform. 2) Is there an income gap between going after 2 units as opposed to 4?

I don't use padsplit (weekly rentals); I rent on long-term leases in B Class neighborhoods.