Class B typically cashflows from purchase or within a year or so.Class C typically cashflow well from purchase, but has tenant performance challenges.Read copy & paste info below:Recommend 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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I do not have any 1 BR STRs/MTRs but I have seen annual STR rents based on bedroom count in both my market (San Diego) and emerald coast (one of the markets I have made offers) and the difference in the income is substantial between 2 BR and 1 BR.  

You're conflating CapEx and maintenance in a couple of these which makes a difference when it comes to underwriting deals. 

Hi @Karen KushnerThere are going to be a few differences.

May be better to go out a few different times with a GC until you're comfortable working with one.

I use different criteria and a different lease for these month to month furnished stays than long term tenants.

Analyze different markets based on your goals.

Real estate funds come in two different flavors: REITs (Real Estate Investment Trust) and private investments.

.: Subject To and Wraps are very similar and yet, very different.Subject To & Wraps share these characteristics You are taking over payment of the mortgage and transferring the property into your name You become the owner The loan does not get paid off The lender can and sometimes will call the Due on Sale You have to have money or credit to solve a Due on Sale call They are used when someone doesn’t have much equity and doesn’t want to pay a real estate agent They are used when the seller wants to sell fast They are used when the property isn’t really a good candidate for the MLS because of the condition of the property They are used when It’s a unique property and it’s hard to find comps They are used when it’s a distressed situation that needs to be resolved They are used when the monthly payment is below market rate (that means it cash flows) They are used when the seller wants to avoid the hassles of listingSubject To & Wraps Differences In a Subject To, NO new mortgage is created.

As you mention CA is a whole different animal.As far as dealing with owners, very rare has it been for me to buy owner occupied property.