@James KieferRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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?

So the cheap homes in lower class areas that get the 2% rule will have the same cap ex issues and costs as the homes in higher appreciation areas that will need the same cap ex.

Quote from @Gino Barbaro: @Michael WhitmanDM me and I will send you our du diligence docGino Hi Gino,I'm in a similar boat to the investor who posted here. 

Adam I bet dollars to donuts this is not CA property sounds like D class rust belt or mid west.Chicago etc.

I personally like working with a broker because I know they are helping to vet the insurer and making sure that I am not missing key pieces of coverage.That said, from my understanding of the insurance markets basically different insurers like to spread their risk out across geography and asset class.

Asset class, price point, distress vs turn key, cash flow expectations/desires, etc.

@Rachel Chioreanu unless your project is an apartment building or Class A SFR, a GC is usually a waste of money.What you probably really need is a Project Manager from a GREAT property management company.What's the scope of your project?

His class and group is life altering (says the person who signed up 24 hours ago and has never done a real estate deal). 

Such a class act that he actually accused me of still owing him money.

Louis in general so just wondering if people have had success in this area and what class would they give it?