Finding the right property for the right tenant

[Nick B.]

Hello All!

I am still looking for my first rental and one thing keeps bothering me.

I'd like to rent to A-class tenants who would pay a premium for a better property (granite counter tops, hardwood floors, etc.). I may settle for B+ but I would not go any lower.

For this type of tenant I need an A-B+ class property but these properties are overpriced and the rents for them are not high enough to produce good cashflow.

If I move to B-,C territory, I can buy some cheap properties but they would still be cheap after rehab and attract only low quality tenants.

So, my requirements contradict each other. How do I solve it? Do low price but high quality properties that can attract a high quality tenant exist?

Thanks
Nick