@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------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?

. -- Thus, you can expect to get Class C or D tenants, which have a 15-25% probability of defaulting on their lease payments.2) If your PMC is lowering FICO to 550, what are they doing to improve their screening in other areas?

However with a long hold I do expect San Diego RE to have outstanding ROI.  

Then ask them how they can expect you to pay for repairs you never approved.If they are ethical, they will work with you.If not, it's probably time to find a better PMC.

My frind in Omaha ended up picking up his second property sooner than he expected, simply because he’d built a small name for himself with one successful deal already under his belt.Are you feeling confident about the day-to-day responsibilities, or is there something else in the process that’s keeping you up at night?

Either lower your expectations regarding 2% or be very patient when looking for deals.

That is what you should expect from your tenants as well.

What the customer "expects" and what you are getting paid to do should be in writing .

Quit expecting the tenant to 'perform' for you. 

The seller should not be expecting you to be the buyer, or surprised when you aren’t.