@Robert MorrisI have seen this technique done by an older landlord/mom and pop owners of C class properties but it worked well for them because they were in a 20-50 unit range of properties that they were self managing - they were also local to their properties.

To add to what @Jonathan Greene wrote:1) Understanding the local market, so you know what Neighborhood Class your building is located in, what Class your Building is (condition & amenities), and what corresponding class of tenants will be attracted.2) Using all this data to properly set your expectations and a realistic ROI.3) How to better screen prospective tenants, including catching fraud, so your property performs better.

I actually had a Financial math class in HS and we watched shark tank for 2-3 months.

@Chris Watkins and I also teach a "New Investor Series", our third class for how to scale up to multiple properties is in November.

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.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Happy to serve as a resource for any questions you may have about the area.Also, like @Karen Wanamarta mentioned, it’d be awesome for forum members looking to help if you could share a few details about the strategies or asset classes you’re looking into.

Hi Mario, I can not speak for Jake's classes but I can say this as one of Thach current student since April.

I just took a class where a CPA talked about this.  

@Anna RamashkevichRecommend 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.

This property isn’t in an A class neighborhood by any means and really just looking to update enough to be able to be livable.