A few details:35 years old, credit, income, and 401k good for the age; 100k in stock/cash; wife, and a brand new baby.Market: Highly competitive north of Boston- Class A 3 unit, (2BR 1BA ea) properties in Class A/B neighborhoods go for 850k, Rents are 1800-2k per unit.  30 minutes more out, you're looking at 600-650k for the same building with 2BDR rents around 1650.  

At that price point you'll likely be in C class assets which will need some degree of rehab.

A would be everything from upper class to upper middle class.

Small multi in a Class C area2.

For some homes, such as those in Dana Shores or Apollo Beach, it's clear that one is able to access the bay by boat based on the fact almost every house has a boat lift and dock.

Pick a solid B-Class suburban area.

Due to some factors, budget mainly, we were looking at class C- and D type homes in our target area.

He has a home in a really good area, in between elementary and jr. high schools, good access to amenities, and a quiet, working class neighborhood.

Pick a solid B-Class suburban area.

My C-class properties have seen a jump in delinquencies. those have been largely offset by the local rental assistance programs, but due to various backlogs, the pay-outs for those programs are running about 60 days behind themselves.My A/B class properties are going gang-busters with lots of traffics, and relatively low delinquencies.K-shaped recovery, unfortunately.