You can score unique, high-quality pieces at lower prices, but be prepared for limited sizes and colors.

You can either pay or find one for free (which really means at the moment one does not have the capital to bring much to the table, but they have the hunger to get things done at a high-level showcasing commitment to the mentor).

It's foolish to not bring any loan current but this appears to be a special level of stupid for those investors. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

It's probably the best way (in my opinion) to get your feet wet at a young age, have an appreciating asset and keep your living costs lower than if you were renting out a room / apartment on your own. 

Many investors from California invest in the mid-west because of the yearly cash returns making more sense in these lower priced markets.

The other great advantage is of course the growing job market, as well as a lower cost of living compared to other cities.

Given the nuances between and within markets and listings I don't think there is a meaningful way to estimate this at a macro level. 

Hello Jordan,There are a few local meetups that occur each month or so and can be found here.Eventbrite & meetup.com also post regular RE meetups although I believe the quality is a little lower on those platforms when compared to BP meetups. 

Second home loans often have lower down payment requirements (since they show more income) and can typically receive up to a 6% seller concession (instead of the typical investor maximum of 2%-3%.)