I think the #1 most ridiculous poster is the person living in a desirable, high-appreciation location who has plenty of capital to deploy who asks which crappy undesirable market thousands of miles from where they live is the best place to buy their first investment property.

In my observation, investors are not selling properties in Sioux Falls right now, unless they are undesirable.

I want them to know me as a person, not as an absentee owner that is going to bring undesirables to the neighborhood and not take care of the property.For the price of a Egg McMuffin and coffee you can get to know a board member and find out about everything that's going on in a condo complex.

@Darius HowellA few PointersOn the PropertyLook for Cash Flow (Year 1) with a Value-Add &/or Upside play Light to Moderate value add Class C & B Multifamily Apartment Communities (Demand is outpacing supply)Low Crime areasBelow market rent, mismanaged, in need of renovations, &/or the undesirable vacancy rateAreas or Markets Look for areas that are rapidly improvingMinimal MSA of 250KGrowing EconomyPath of ProgressDiverse JobsDesirable - people want to move thereAffordable Cost of LivingHope this was helpful.Don't hesitate to reach out-Dino

People who were undesirable at the showing are noted and are *not* encouraged to fill out an application, and if they do anyway it is duly noted.

I started with 35 occupied units, took it down to 18 by getting rid of the undesirables and non-payers.  

Folks in CA like to say that their overall population is not affected and/or that the people leaving are just poor, undesirable. 

It was a nice house but needed updating and repairs and it was in an undesirable area.

You might even find a cashflow positive place near Fruitvale / Coliseum, but you're getting into high crime territory there and are really waiting for gentrification to push the undesirable element out of the area.

I like the way you think as far as the type of areas you're looking in, it'll reduce your risk dramatically for undesirable renters making the investment much safer.