Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

But, before I became an agent I decided to invest just over the hill in Reno, NV because of the low property taxes, landlord friendliness, steady increase in diversified job growth, land constraints, proximity to Lake Tahoe, and steady population growth. 

Our government over reacted but continues doing a good job rebounding and steering the economy towards a soft landing. 

To help you in your search: be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

You can either A) Set your liability limits on your rental home's policy to at least $1 million or B) Search around for an umbrella policy that adds $1 million in liability coverage to both of your properties.$1 million in liability is what I recommend to have, but you can certainly go higher (or lower). 

They could always search the owner of the home if they really wanted to.

Meaning if you have a FT W2 job AND 1099 side work AND real estate, they already know you’re not a full time real estate professional IN THE CASE YOU GET AUDITED. if you don’t, then all is well.Unless your spouse is a FT realtor and actually putting in the time, then I would tread cautiously and speak with your CPA.

@Josh Haney search here on BP for a three part series we did on "How to Screen a Property Manager better than a tenant"Can't share the link because one of the over-active moderators will chastise us for "self-Promotion":(

The unit is needing a new paint job inside and then it will be ready to be rented out! 

Great job on your first investment @Josh Browning !