@Daniel GrantzRecommend 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?

Purchase price: $1,200,000 This is a 100+ pad community located near Downtown Bloomington (Near Indiana University).

Its going to really depend on your location, scope of work, and finishes.

It’s such a great resource for learning and connecting with like-minded investors. where is your property located? 

Sherman or perhaps between McKinney and Sherman.SaginawBurlesonCertain other locations if you can find the right rent/price.

If it's a deal that is in a very very desirable location and has tons of built in equity and appreciation, I would be totally good with negative cash flow for Y1 and Y2.

That experience made me realize I want to dive deeper into this space.Right now, I’m in the research phase—figuring out locations, property types, and strategies while working on funding and budgeting.

Would it generally be a location that tends to have a higher cost of living? 

Hello,I bought a duplex in Pensacola $75,000 under appraised value, in an amazing location.

There's nothing wrong with where your your present cleanout is located.