Do you remember the name and location of the senior complex you toured?

Is it fairly priced for the size, location, quality, and other factors?

It is located in an area that attracts college students/employees, working class families, and military families.

So buying the right location will become increasingly important here to protect you in the long-termFood for thought.

@Jemini LeckieRecommend 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?

To be clear, a fund has multiple type of assets in various locations with various strategies.

Make sure you know the rules in the state where the property is located.

I disagree a little about what you said about companies are entitled to fair market rents, I believe that depends on where they are located.

Deal 2: Duplex (older home that needs TLC in good location)Purchase price: 120k, Rehab 40k, Total all in: 180kExpected Rent: $2,400/month to $2,700/monthDeal 3: 5 Plex (is that even a word?

CT is 1-2 hour drive from my location depending on the town and is manageable for one project.