@Loan NguyenRecommend 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?

We have our teenage son taking debate classes.

It seems that it takes an article in a big publication for them to do anything (NYT finally did a piece on CM), and journalists don't like to write those articles until there are lawsuits (even better a class action) so they are not just repeating industry gossip.

A popular strategy I've seen work is to scale with properties in the C locations and then slowly upgrade your portfolio into the nicer asset classes as you progress and become more cash flow heavy. 

C-class neighborhoods there are ideal for Section 8 and long-term renters.

I am in the same boat.

They simply dont understand the culture of the rental class in the mid west the LIfe long renter..  

@Mike TikhRecommend 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?

(Class B built in 2003)Would there be a rate change between the recourse and non-recourse with a springing trigger?

This would be in class b, class c will have higher maintenance/cap ex on average. you have $0 for vacancy.