Look at their rental history, the conditions of their previous residence, and ensure they have a good track record with past landlords.

Lately I am seeing many investors (new and experienced) feel the hit of the market conditions.

Today you can get funding for a good deal without an issue, so the business model is kind of obsolete.I used to buy BRRRR deals, but over the last years, we switched to buying homes that are in move-in ready condition.

Now we're seeing investors pouring money into buying Class C rentals - but, many are getting burned.In our experience & opinion, the main determinant of property Class is not location or even property condition, those are #2 and #3.

I found a house that needed work, but was also over priced by a tad for the condition.

And personally I put way more weight on buying the right location as a buy and hold investor than saving some dollars on the front end. 

It had some good architectural features that people loved, and the original plaster walls downstairs were in great condition, not even cracked.

Some buyers might see this as a bonus, while others may worry about tenant turnover or stigma, so it can affect the price slightly.Sell when the building’s cash flow no longer meets your goals, market conditions are strong, or you’re ready to reinvest into something else.

What is the appreciation, condition, community, class level and vacancy rates?

All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.