@Kyle LipkoRecommend 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?

I am sorry, I am not good with a financial lingvo, could you please clarify? 

I m facing same situation .would love to hear your updates!

I think you'd find it very helpful in your situation.

Any words of wisdom for this situation? 

The success of this situation would be the financing. 

Firstly, I think this answer will be highly dependent on each investors current situation along with their long term goals!  

Tenant issues are more likely to arise and then you have the owner....many aren't qualified expertise wise or financially to weather the storm.

Some "go with their gut" which is a bad way to measure someone's financial responsibility.

But you also need to check on them for updates so you know how your property is doing financially.