Most BPers are renting out Class A and B properties, so their high screening standards can be successful.Once you get into Class C properties, you have to lower your standards significantly.

I'm working on building relationships with brokers and figuring out direct mail, but still trying to make progress within the residential asset class in the meantime.

I took a class from Robert Kiyosaki in 2013 (before YouTube, BP, etc) and it was immensely helpful to start to understand the mindset and basic tools and understanding that goes into RE Investing. 

Also, who does their accounting, and are checks and balances in place to prevent misappropriation of funds, cooking the books, or human error? 

Hi Ryan,May I ask why you are limiting yourself to those specific areas if say you could acquire a property that fit's within that budget in an A-class area somewhere else that could give double the returns you are looking at under the same parameters?

Phoenix is definitely an option, however I’d carefully vet the location to make sure it aligns with your goals; if it’s below $400k then there is a reason for that (class C/D properties).

My fist suggestion is for you to join your local rental owners association and take all LL classes they offer.

@Antonio Daniels 1-there are no different standards for screening...what you will find is that they will likely not meet your earning requirements (like 3x rent)...so you have to make exceptions...they also have very colorful backgrounds for the most part...after screening hundreds of section 8 tenants, definite patterns will appear...if you have a credit score requirement, odds are they will not meet there either (but there are fantastic voucher tenants out there as well...I've rented to nurses and other professionals with a voucher do to having a disabled child that needs a lot of services)...the one thing to be aware of is not treating them differently because they have voucher...2-The inspection depends on local authority, but the standards are the same...this is a federal program...so Housing Quality Standards (HQS) is the guiding document...how an inspector interprets that is another story...https://www.hud.gov/sites/dfil...3-Usually you will only have recertification annually, or possibly at an income change or a request or complaint...4-100%, it's one of the best sources of long-term steady income out there...I'll take a section 8 tenant over a white collar A-class tenant any day...plus you are helping to house the most vulnerable and underserved population out there.The bad things you hear about section 8 are from folks that do not understand the system and how it works, or want to be slumlords and not take care of their properties...or are ill prepared to deal with people in general.

To be "cured" against one's will and cured of states which we may not regard as disease is to be put on a level of those who have not yet reached the age of reason or those who never will; to be classed with infants, imbeciles, and domestic animals.”

Preferably B to C+ class properties depending on the city.