My view is that from the outside you can tell it is not stick built but from the inside you can get as nice an interior as desired (at least to B+ class). 

Appreciation likely.East Hartford Mostly a B/C class community.

I use class advisors, ask for chris Lamb 

Pick a solid B-Class suburban area.

@Maria Crenshaw - What class neighborhood is the rental in?

Assumptions in general (case by case, but this is typical)- Rent $ amounts collected from Rentometer - amount based on interior finishes, potential amenities- Vacancy at 5-8%, repairs 5%, 10% cap ex, 10% property management  - are these usually higher in C class areas?

@Michinori Kaneko we've thought about it. given my background in business and managing projects it's def something we've discussed as an optionya, we are getting pretty serious haha. haven't been overly impressed with GCs or PMs so figured we'd just have her get the license and we'd manage it all and then handle all property mgmt. will definitely be a learning curve because its managing physical units vs software but will be a fun challenge and yes, stock market was wild today / past week. real estate is a great asset class :)

Investment Info:Large multi-family (5+ units) commercial investment investment in Humble. 260 Unit B class apartment complex I own and manage.

Typical Class BRenovation Effort: MediumLooking for Contacts: Investment friendly realtors, Wholesalers experience working with out of the state investors.Local Economy Data :  I saw a post @Jack Bobeck gave few details about looking up neighbourhood data and unfortunately i couldn't find that post.

Eta read your local, state and federal rules around tenant/landlord law... those laws will tell you what is ok and what is not  also, see if your local landlord or multifamily owners organization puts on classes for new landlords and go to those