Pick a solid B-Class suburban area.

What people need to understand is that this asset class is not how hard money used to be where the lender often made our better if they did indeed foreclose on the property. 

@Jonathan Greene I definitely have asked myself all those questions and have done my research, but they are all from higher class YouTube members, articles and podcast.

None of this has logic or reason and it is mostly going on in lower class properties.

Pick a solid B-Class suburban area.

As a contractor myself I was excited to see this as a resource, when I saw homeadvisor I was pretty upset.Homeadvisor preys on contractors, sells them bogus leads or over used leads, locks them into incredibly high prices which dont get me wrong if your getting quality leads you pay but there leads are literally wild goose chases.This is so prevalent they filed a class action lawsuit against them.Please do not use home advisor, shop and vet you local contractors.

Everything looks very professional and high class.

The problem is now my partners and I are feeling we'd be better off pulling out of the STR as we had initially planned to move into another asset class after this purchase.

Buyers didn’t back out and the perceived safety of Multi Family RE as an safe asset class is for the time being outweighing the uncertainty in every aspect of our economy.

However for high level return expectations I think you can expect the followingMultifamily only, moderate leverage (75% LTV), in fairly populous cities (top 50 or so in the US).C class: 14-16% IRR, 6-9% Cash flowB class: 12-14% IRR, 5-7% cash flowA class: 10-12% IRR, 4-6% cash flow