Finding a Rehab in a B class neighborhood nearly impossible?

[Daniel Guerra]

I've been looking for a rehab property in B class neighborhoods and so far nothing has materialized. I'm using the typical general equation: ARV x .70 - repair costs = purchase price.

I understand the markets are super red hot now however.  Nothing is impossible but seems like the chances of finding a deal according to my equation is .1% or less in a B class neighborhood.

I see a few C class properties that meet my equation but I do also plan on holding the property as a rental.  I see a lot more issues holding on to a property as a rental in a C class neighborhood compared to a B class one.