-------------------------------------------------------------------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?

We have been a quality fencing company for 5 years part-time, and just announced this year we are going full-time with it.

At this time I manage and renovate majority of all my units to keep cost low but most likely not the best use of my time although I'm skilled at it.

The two are almost entirely different markets in terms of price points, returns, tenant quality, and overall investing strategy.

But for me sets me back few years on my goal.I also think he lacks financial knowledge to see that something is out of ordinary and should not be used as basis for future returns (e.g. low interest rates of 2022 resulting in low cap rates).

We came in low with our offer, but were willing to skip the inspection (which had already been completed before we offered) and stipulated that we would close in 20 days, which was super valuable to the seller.

Cash flowing markets, low taxes, landlord friendly and large demand in renters. 

Owning locally has helped me accumulate considerable equity with a relatively low initial investment.

If someone is relatively happy where the are, the low interest rate they currently have will keep them tied to the property.

Occasionally I'll see properties coming on the market where the seller has a VA loan with a low interest rate.