Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

As long as you focus on areas with strong job growth and analyze the deal carefully, I think you will be in great shape. 

They do an incredible job.  

Rents are sky high in certain neighborhoods of Jersey City (we are second to NYC) as such many of the tenants are professionals with high income commuting to their jobs in NYC by ferry, 24 hour path train and bus.

I can make more money spending the equivalent amount of time in my day job.

Since I’m still in school I don’t have much money, I’m trying to learn as much as I can about real estate so that way once I get a job out of college and a steady income I’ll know what to do with my money.

I had to remind them a few times of deadlines but they did a good job overall.

What I fear about that set is what happens when Josh wants to get a new job? 

I do know managing more than 1 property is a tall task unless that is pretty much your job. 

Has the tenant been looking for a new job?