@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------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?

It’s crucial to work with an experienced broker who can access multiple carriers.

We have helped a ton of clients with the process here in Chicago..just be sure to find a team (Agent, Lender, HUD Consultant, and General Contractor) that has done these renovation loans in the past!

We also have a decent amount of breweries, UNC Charlotte, two lakes and the Catawba river, the White Water Center, major league football, soccer and basketball teams and minor league hockey, baseball and women's soccer league so there's always something to do. 3.

➡️Develop a strong team and business structure.

This type of property would be very challenging for an EXPERIENCED investor to take down. 

Each deal comes with a different set of surprises even for the most experienced operators.Take your time and don't rush it. 

Great bunch of experienced and helpful people. 

Building your team is by far the most important thing you can do as you get going.  

Even in high-cost markets, creative financing or partnering with experienced investors could help you get in the game.