No matter where you choose to invest, please keep in mind the following (copy & paste):--------------------------------------------------------------------------------------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 Class A property in Class D area, what quality of tenant will you get?

Pick a solid B-Class suburban area.

Building a solid team and choosing the right asset class are critical to getting a strong start in any market.

Real estate is a pretty efficient asset class.

I could have put three B class doubles in front of you with good numbers before you finished reading this... time is money!

We use DealCheck to underwrite deals and QuickBooks Online for everything else post-closing on the purchase.Quickbooks Setup:- Classes allow for separate P&Ls for each property. - Products & Services enable us to track each 'phase' of the rehab. - Projects give us visibility on my projects- My CPA can easily access the reports for tax preparation.

I’m in the same boat looking for a multi family lender under 1M. 

Active real estate investing doesn’t seem to float my boat.

@David Dachtera, I did the same exercise in a COBOL class ;)

If you are in a lower asset class things can go the other way.