@Makani Donaldson it all depends on your investment goals.If you buy a Class A rental, it'll usually have negative cashflow, which will be hopefully offset with appreciation and better tenants.If you buy a CLass C or D rental, it should have pretty good cashflow because you may not realize much in appreciation and you'll have a lot more problems finding good tenants.

@Taylor Philley I attended the residential assisted living academy classes in 2019, I really like the folks there.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

My north side Chicago which is class A-/B+ units run on average sub 3% vacancies.

The technical term is Sound Transmission Class. 

They should be able to teach you about asset risk, neighborhood risk, lay out A, B, C and D class areas, have stats on delinquency trends, vacancy trends, and other variable cost projections. 

Do you have a price point you're targeting and are you looking for turn-key properties or something along the lines of a "fixer upper"?

In efforts to get more experience with IOS, we are seeking a financial partner that potentially has experience with this asset class. 

Back in college, I half-assed every class, partied way too much and scraped by with a 3.2 GPA.

@Thomas FarrellRecommend 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?