The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Classand Tenant Class affect what type of contractors, handymen and property management companies will work on a property.If you buy & renovate a property in Class D area to Class A standards, what Tenant Class will rent it?

Currently we are in the state where we are forming our team.

As mentioned it depends on the state as in florida you are responsible for 12 months or 1% of value whichever is less.

Maybe it's because I'm a woman, or a minority, or from out-of-state...I'm not sure.

I primarily will be focusing on the Dallas, Birmingham, and Atlanta markets but as I stated before I have partners who will also be on the grind and I'm more than happy and willing to fill in whatever missing piece to a puzzle that needs to be filled.

Are you out of state?

We're an appreciation market, not as much of a cash flow market here, unless you're putting a large down payment or actively managing STR's.Buying out-of-state can get you more cash flow, but the tradeoff is less appreciation (usually), and cash flow can be eaten up by maintenance and expenses.

I know...horrible company that bought the loan!

I'm also an agent out here in the Cleveland market, I know you are newer and Cleveland is a great market for BRRRRs- one of the few cities in the US where owning a home is actually cheaper than renting: There are Only Four Cities Where Buying Is Cheaper Than RentingLet me know if you might be interested in investing out here in Cleveland, I specialize in working with out of state investors and have an entire team set up including contractors, private/hard money lenders, and home inspectors to name a few. 

When I asked they pointed me to the PMA that states they charge on "all gross receipts" and then said: "Our interpretation is coming from the IRS.