Don't be suckered into buying cheap properties - unelss you know exactly what you are getting into.Here's some copy & paste advice that applies to just about any Midwest rental market:--------------------------------------------------------------------------------------------------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?

Can anyone help me to figure out a good economical, small multifamily builder to contact, and a realtor with lots of this type of experience, or let me know if I'm on the right track with this?

Hello! My name is Renata Johnson and I'm returning to BiggerPockets to learn all about BRRRR method, along with other forms of Real Estate. I'm currently in a rent to own house we are moving out of and will be renovat...

We've seen to many investors buy a cheaper Class C rental, but expect Class A results.See copy & paste info below that explains more:)------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

If you are successful, you should have profits to pour back into the next project.

@Priscilla C.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

I've done two DSCR loans, and they used AirDNA data for the projections. 

- If a partner needed to be brought in, how many JV projects would I need to be "involved" in to show a track record?  

@Thomas FarrellRecommend 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’d be happy to refer you to someone who specializes in this — they can walk you through the numbers in a way that makes sense and help you understand the key drivers behind a solid BRRRR deal.In my own real estate projects — both in Columbus, Ohio, and Miami, Florida — we underwrite every deal carefully and often hire professionals to ensure our numbers are accurate.