locust lake is currently in a period of turmoil about strs... they just had an election cycle and luckily we had a few people elected to the board who are favorable, but before that the board had put a 2 week limit on rentals, which was rescinded after the landlords banded together and sent a threatening letter from lawyers. right now there are a lot of strange fees and things going on, but it should be fairly favorable. welcome to the fun!

I'd recommend finding duplexes to 4 plexus that meet the 1% rule or close to it within 5 miles of downtown zip codes Class B and sitting on them, selling every 2-3 years on a 1031 exchange. easily achievable in ohio.

@Robert Steele I'm very interested in if you have received an answer on this question, I have a new building where all of the leases expire in June (one tenant has been here for 2 years, the others for less than a year) and I'm debating if I should just keep all of them month-to-month after that point to be safe, then once the ban is lifted, and if they have a good track record maybe revert back to annual renewals to give them some peace of mind on rent/living situation (This is a B-/C+ area)? 

Yeah I was planing on visiting myself, and yes one of the complaints I hear many people make is about their unresponsiveness, I've been looking for alternatives as well like you have but ultimately when it comes to quicker steel modular builds it seems they are reigning in that department locally.

In B- and above neighbourhoods.

Average cap-rates for stabilized B and C properties range from 4.75-6%, so the spread between those numbers and typical investor interest rates is pretty slim.

You also need a good, strong reliable Property Manager to handle the tenant pool in this category.You can upgrade to B- and/or B areas but the property taxes kill the cash flow and double digit returns however you will get more stability and modest appreciation.

I'm a newbie from NYC, have yet to do my first real estate deal, and looking into buy and hold SFR to 4-plexes (low maintanence is ideal like B and A class 'hoods). 

I went to a 6th grade band concert last spring, after the 5 songs I patted the kids on the back and told them what a great job they did and how well they played. :)The "mortgagor" is the borrower, motgagee is the lender.Misconception by new investors that FCs are profitable, most are not unless you're holding the property as a rental long term. 

I notice that much of the properties here in Greatet Boston have a horrible ROI however I'm finding many B and C class properties in the North Shore---like Salem, Lowell, and Everett---that have a decent ROI.I would like to know what cities are ideal to invest in for newbies like me?