What makes a quality asset a quality asset?
So often on here I hear people talk about purchasing low risk, cash flowing, quality assets. What exactly makes a property a quality asset to you? I am sure there are some blanket truths, but I am sure each investor has things that they look for and things they avoid. Like for me I live in an area with a lot of older homes and a lot of those older homes have limestone basements not poured concrete. Limestone basements aren't inherently bad, but they have some downsides to them and is just a feature that I avoid. So please share with me and others what quality assets look like to you and maybe some things you avoid maybe just for your peace of mind or ease of management.
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My criteria is minimal. Happy to refresh or rehab in class A, appreciating neighborhood with quality tenants who tend to be low maintenance and solid with paying rent. Or its VTSAX and relax.