Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).

I remember a presenter in a real estate class recently saying, 'Buyers are liars, and sellers are even worse,' which got a good laugh from everyone because it rings pretty true in this business.

Looks like what investors would call a "D class" area.

Im hoping to make it bigger than just a simple class project so Im seeking to learn from the best sources possible.Here are a few questions, but feel free to share anything that comes to mind:What property management software do you currently use?

I work for General Dynamics Electric Boat which has decades long contracts with the US government and the turnover rate is relatively high in the company so my thoughts are if I could choose a place that is within commute distance there and within the price range of the average employee that maybe that could be a great idea but I want to know if people think that is too much of an assumption and risk to make?

This is a C class, my minimum requirement is 600.

Turns out Cleveland is even better than Cincinnati the way they do it by separating classes of tax on residence, employment and business (rental).

@John Salcedo you may already know some of this, but a reminder doesn't hurt:)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Was there some book you read, some class or YT info you drew upon?

As far as the legality of sober living homes they have a good bit of protection at the federal level from local government discrimination since people in recovery from addiction are a protected class, however some cities and counties have occupancy laws and certain codes that conflict with the sober home model and oftentimes the neighbors are not keen on having one next to them.