I was/am trying NOT to buy a complete renovation property again, it was expensive and a lot of work.

Look at all the KPIs like occupancy and rate.Do you have other expenses that go up, like utilities, yard care, internet on MTR?   

Maybe kinda high expectations though.My biggest pro is that the barrier to entry is so low for the studio condos that is the low risk worth the lower reward?

My market is one of the most expensive in the country and I wanted to ask the BP community any advice you have with investing in a market where prices tend to be on the higher side (Ex: most multifamilies are north of 700,000 -1.5 million).

Would that be an out of pocket expense?

BTW FurnishFinder comps I've found tend to be on the lower price point (and less desirable décor usually).

: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.

Vacancy and turns are expensive.

It's no small feat for these people to raise application fees, security deposits and moving expenses.

You send it to your property manager.IRS Form W-8ECIIRS Form W-8ECI InstructionsBy filing Form W-8ECI foreign investors eliminate the mandatory 30% tax withholding as it notifies the property manager (and the IRS) the foreign investor will be filing annual tax returns to report their income and expenses related to the rental property.