In order to harness as much of the effects that add to your net worth you want to buy as many assets as you can, and as much quality as you can afford.It is very tempting to go into cheap neighborhoods, but especially with the old housing stock we have in the Midwest capex will exceed cash flow over time and you are not building equity.Consider your first deal a proof of concept.

It can be very hard to find quality tenants from around Halloween through Januaryish IME. 

The 1% rule is doable, but don’t just go off that—focus on areas with strong rental demand and where tenant quality is solid.

The condo includes high-quality granite countertops, custom cabinetry and wood floors.

Here's some copy & paste advice we hope you find useful:----------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Are their listings detailed with good-quality photos?

You can see big differences between similar houses based on location, even within the same city, and quality or the property. 

Nashville is a very pocketed city when it comes to neighborhood quality especially in relation to crime rates, overall aesthetics or available amenities.

Anne, I would advise you to focus less on the number of “doors” and more on the quality of your investments.

You could even define quality metrics for some of these tasks to avoid a party doing subpar work (e.g., all guest questions must be answered within X hours/days).OWNER USE: What if one party wants to use the property during the highest demand time?