Do I continue to save and buy a building in a more stable city?

I simply find/or others find for me properties to buy for flipping, buy/holds and even other R/E vehicles to gain wealth.

I would mail them notice now of ending the M2M at the end of November, and follow-up via phone or e-mail by the end of the month.

(Black kitchen appliances.)Located in middle-class to upper-middle class areas.Property appeals to the masses (entry-level professionals, college students, seniors, etc.)Class C: Generally more than 30 years old Little to no amenities (for example: no washer/dryer hook-ups inside the units, window air conditioning units/no central AC, white kitchen appliances)Located in stable middle-class, working class, or lower income neighborhoodsBlue collar and entry-level professionals, college students, seniors, some renters who receive housing subsidy (*Sec. 8)Potential for stronger cash flow than Class AHigher maintenance needs than Class A and BClass D: Generally more than 30 years old No amenitiesKitchens and bathrooms look very old ("Harvest gold" kitchen appliances)Located in areas that may have high crime, high unemploymentGreat cash flow if purchased at a low price, but there is little chance of appreciation

Once you have these two numbers find out your stable value as:value = ((proformaRents * economicOccupancy) - proformaExpenses)/marketCapRateEconomic Occupancy is maximum potential rent minus physical vacancy and loss-to-lease.Discount this value by your expected profit and by immediate capex and transaction costs.

@Erik E.

If you plan to have say a 40% delinquency rate, you should collect a lot more late fees, but you will probably not have a stable facility at that rate.

Pavel Sakurets I look at it differently I invest where I have good team members and pricing is appreciating and or stable.

The benefit of the military presence is stable rent payments and collection.

I focus on 1) making sure they have verifiable monthly income from a stable job that equals 4x monthly rent (gross income) + 2) no history of eviction (at all even 10 yrs ago is a show stopper for me) or recent judgements >$2000 (the concern is that they're going to get garnished eventually).