Anyway;  The way I usually think about first remote deals is this: Which worst-case scenario would I rather deal with?  

@Travis Timmons any tools you use when doing research to determine if it's a A or B class neighborhood?

Hey Chicago investors -Quick technical question on the Cook County AHSAP (Class 9) incentive.I am under contract on a 16-unit in Phoenix, IL, and we just received our formal approval letter from the Assessor reducing the AV by 25% through 2033.My question: When transferring title to the new partnership entity, does the 'Change of Ownership' affidavit need to be recorded before funding, or can the title company handle it simultaneously with the deed?

Hey, it's cool to see you're taking the first steps into this world. 

Buying local for your first deal is a smart way to shorten the learning curve before scaling.

Hey, it's cool to see you're taking the first step in this real estate game. 

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to, “Maintain to the Neighborhood”.Why is that important?

For my fist deal, I would think of it as a slow BRRRR, along with any immediate subsequent deals before pivoting asset classes.

I live in Northern California and am looking to step into real estate investing by purchasing my first rental property.

Eventually, Class A property values increased to the point that even increasing rents didn't allow them to cashflow upon purchase.So, the flood of new investors switched to buying Class B properties.