I would never buy anything in NYC, terrible landlord laws, and super high pricing you are lucky to get 3% a year All my rentals are about 20% NET (based on cash purchases,) in the Cleveland markets.

The class is a pain and is a direct effect of many many terrible landlords in St.

They could be perfect for certain strategies but terrible for others.

That's a terrible idea for a first deal. 

Terrible landlord-friendly laws. 

We made a terrible error when we started calling them leaders and stopped calling them representatives.  

*Chiming in on insurance - I have a few great brokers I can refer, my personal properties have gone down around 40% YoY.  2022/23 was terrible but there is new (insurance friendly) legislation that has encouraged more companies to come in.

Would this make it less terrible?

Sofa beds in general are terrible.

Also properties that are not financeable like no foundation and/or terrible condition good for owner carry.