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?

Turnkey, buy-and-holds, flips, or something else?

Quote from @Nicholas Klaene: Hello,I'm currently looking to buy my first rental.

Little background behind the door: It's a MDF cheap one you buy at HD or Lowes. 

The BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) could also be a great strategy to recycle your capital.To find deals, try direct mail campaigns targeting absentee owners or distressed properties, or go driving for dollars in neighborhoods with strong rental potential.

According to an annual report from the National Association of Realtors (NAR), 26% of buyers were able to buy without a mortgage (see graph below):Imagine buying your next house in cash.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

If you do sell I would do a 1031 exchange We do need the cash to buy another property. 

Our program teaches people how to buy small to large apartments, but we don't pressure people to buy large apartments.

For context, I'm based in the SF Bay Area in CA and looking into buying my first OOS rental after house hacking locally for 10 years.