., and a Real Estate Investment Brokerage in case you ever decide to sell.By teaming up with a solid firm you can mitigate your risk and have some "boots on the ground" that have your best interest in mind.The best advice I have received from my mentors pertaining to my Class C investments is:1. there is strength in numbers.Some of my clients have 100+ C Class properties in Memphis.

We do a preliminary application before that to be sure the prospective tenant qualifies, so that we don't have unqualified people needlessly paying for background/credit checks.

@Jessica Zolotorofe is an active, helpful poster on BP and works for a great NJ firm.

When you go through you entitlement process you can then start approaching smaller construction firms or other developers that do residential building but they may only have the capacity to do a couple.just a thought.  

@Sathya Weerasooriya Hi, I'm a designer working at Cadre Design, an architecture firm in Manayunk.

I firmly believe I can create a billing spreadsheet and turn it over to my PM team to handle it moving forward.  

.)- I PAY my current tenant to show the house to prospective tenants when they've given 30-60 day notice to leave.

All successful people talk about the importance of having a mentor(s) in their bussiness that Mentor(s) gave them from allready being in that business.Always remember that you need to do a math analysis and try to look at subject prospective properties before you make an offer or at least have a clause in the sales contract that allows you the time (usually 10 to 15 days) to make a detailed inspection of the subject property without a penalty that will hurt you too much.  

(ii) Or should it be in the state where the prospective rental property is located.

Stay under control of things you are responsible for.Always remember to do the math analysis and try to look at prospect properties before you make an offer or at least put a ciause in the sales contract that allows you to make a detailed inspection and possibly back out of deal without a penalty that hurts you too much.