Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

@Ola Dantis I guess just to please the masses I should have put “ how to better my chances of getting a loan being self employed with savings” thank you ola I’m always winning even when I’m losing, lessons are learned through failure.

After paying rent for about 5 months, I guess she lost her job and slowly stopped paying rent.I learned about the Baltimore City Failure To Pay Rent (FTPR) process.   

On all your deals calculate FAILURE.  

An expired listing is a failure to sell a property.

From that, I developed a theory that no healthy young person ever experienced a failure of their refrigerator or window A/C during the summer. 

The biggest difference between me and you and people that will never succeed is the fear of failure.

I'll discuss what my strategy is for the house, and then we'll all discuss our "Haves and Wants", success and failure stories, past and present deals, vendor referrals, strategies for 2016, the current state of the rental and sales markets, and more.

Jeff - thanks for the comments, but it still make me wonder if Class C is ever a good idea because you then have to deal all these tenant issues....Up to this point, I have always been investing in condo in San Francisco, whereas your typical tenant is someone making $300K a year in salary, travelling 60% of the time, and you talk to them once a year when you do your annual increase....Lately I have been thinking about getting into multifamily just to scale faster, as the above mentioned condo in San Francisco are now like $1.3m a piece....But I got scared by the stories I heard....any successful or failure on Class C that I can learn from?

Failure is absolutely not an option.