What a 1st class setup.That being said I am looking for advice on a location to move to.

Three and four bedroom units also rent to working-class families in other parts of the City, but ours are in "universityville".

For the slumlord or the investor in Cleveland/Detroit, etc who can purchase those 2% properties for $20K, then I'd say definitely try to pay off and go all cash.But from your post above it sounds like your strategy is more similar to mine - buy the middle class $100K +/- homes that rent for $1200+ month.

Good evening fellow BPers,I've been a member of Bigger Pockets since September, around the same time I began my classes to become a real estate agent.

I mostly get working class kids and its often at least partly their money paying the rent.

Cannot have a felonygo to the UPS store off Breckinridge Lane and get a FBI fingerprint card....get a $18 money order...mail in your money order and finger print card to the FBIwhen it returns in 6-8 weeks mail it in to the state commissionsign up for a class with an approved Pre License Providersit for examif this wont be your full time job then get on with a broker that does not charge for office space (approx $30 a month)take annual clasess to maintain license requirements.

Also, though, the middle class is under a lot of pressure these days.

Curious, what kind of cap rates are people seeing in other major metropolitan areas on Class A office?

The fees our members pay helps to cover things like maintains our website, room rental ( we have about 80 - 100 attendees each month) etc.our speakers aren't there to pitch anything or up sell to a more informational class.

Yes, on the 3rd day they take the class out to look at current homes that the Norris Group financed with an investor.