I have read the BP guide to investing and saw the forums so came here to explore what others have learned from their endeavors in the RE world.

I’m exploring real estate notes as a way to diversify my portfolio, but I’m still in the early stages of learning.

Im exploring multifamilies near my area (Orlando) but wanted to consider out of state investing in Georgia instead of states where I am absolutely not familiar with (midwest etc).

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Here's what I would do (and in this order):1.

This caused a historically unique opportunity for investors - they could buy Class A properties and immediately cashflow when renting them out.This couldn't last forever, and it didn't, as excited new investors drove up prices.

Sounds like you’ve got a solid foundation with your LTRs and a smart plan to explore STRs in the Orlando area.

Hey BiggerPockets community,I'm planning a trip to Cincinnati, Louisville, and Pittsburgh in late October to explore these cities and scout out potential investment properties.

Curious, have you started looking at specific neighborhoods yet, or still in the early research stage?

losing money at this point would be a huge step backwards.