Class A, B, C, D, property?

[Jorge Rivera]

Hello everyone,

I have read some articles and post where people talk about a class A, B, C, or D property. Could someone  please explain on what it means and how can I find out what class my property falls in?

I just purchased a home, and to be honest I kinda bought it blindly. I comp to other properties around the area (same size sqft, bed/bath, average rent. All after buying) and after running the numbers. I believe it could cashflow $50 a month (After all expenses: property tax, maintance ,insurance, etc.) But then after reading the post about Classes, I got a bit concerned to attract the wrong type of tenants. So now I need to figure out what class my property falls in. Just need a little push in the right direction. 

Thank you in advance.