However, since my target properties are lower end properties that often requires rehab before I can attract the best tenants at full market rent, I find myself doing a lot of work.  

With the type of profit I figured (about 20k annually) I just don't see the downfall other than the 'headache' that goes along with it.Thanks Jennifer,Thanks for your reply and question.Although I don't know the area you mentioned I have had experience with hundreds of deals in lower class areas (mostly SFH).It was difficult enough managing and collecting rents in these SFH and I couldn't even imagine what it would be like managing a multifamily in such an area.I have personally never owned such a property so I can't speak with full confidence but I can say that I have witnessed many similar complexes become revolving doors over and over again.Investors get attracted to the cashflow potential but end up loosing 6-12 months down the track.

So the conclusion I made was that they took the higher rent potential from the Temple University area property and matched it with the cost of a renovated property in the far less renting attractive area of Southwest Philadelphia.Again I did not intend to speak negatively of ABC Investments however the case study they present on their website is 100% misleading.

@Robert Hetsler , I have not considered storage in quite a while, but it is an attractive asset class, because of the reasons you mention.

When renting out something that large you tend to attract LARGE families and/or students/singles, both of which have the potential to put more than average wear and tear on the property. 

I am not a US citizen so your advice is appreciated.What exactly is attractive about your favorite markets compared to other alternatives?

There are so many unique neighborhoods, so you can really think about the type of renter you want to attract, your investment strategy (do you want to renovate a bit and build equity or a ready to go turnkey, invest in an up and coming neighborhood with appreciation potential or a neighborhood that's been solid for decades), and the lifestyle you want to live - it's a house hack after all.

IMO, the extra 400 for you will not only be appropriate for the type of tenant you wish to attract in that neighborhood, but will probably spare you some headache down the road on repairs because of their excellent reliability and warranty.Here's some links (I am not affiliated) WasherDryer

You go out there with these begging for money ads, what you attract are the sharks ready to skin you.

I try to focus on making the unit more attractive than its competitors so that people will really want it.