Hey, welcome to real estate investing!

@Christopher HeidrichRecommend 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?

While they may face intense competition, if you’re able to hold onto your investment for at least five years, you’ll likely be in a strong position.

It can be a nightmare investing out of state without the right boots on the ground.

Quote from @Joe Gellenbeck: Hi All,I am new to this community and real estate investing in general, but I'm excited to jump in.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Majority of clients I work with today need proximity to NYC and are looking to fast track their real estate investing Journey. 

I’d like to opportunistically invest  There has been no sell off in the DC market.

Other than location I would clarify your investment thesis: "turnkey" vs value add?

Increase earnings, reduce expenses, save up, and invest.