I just took a class where a CPA talked about this.  

Hi Mario, I can not speak for Jake's classes but I can say this as one of Thach current student since April.

--------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

C / C- Class

This property isn’t in an A class neighborhood by any means and really just looking to update enough to be able to be livable.

KEEP THE BEST, FLIP THE RESTIf this is in a D class area and you're chasing cash flow from section 8 tenants, I would sell it, move on and reinvest your capital in a solid area.If this is a solid area (A-B Class) with lots of job opportunities, growth in area, etc, then hold out for a tenant and rent it.

Not sure where this rental is but if it's an A or B class neighborhood, that's probably why you're self managing it.

That's the problem because you have no ultimate control of your property and it's a sign that you're treated second class compared to the locals .

You shouldn't touch a Baltimore neighborhood under $200k unless you are a very experienced landlord with class c/d properties.

Having thoughts putting an offer in for a car dealership lot in the intercity (Class C neighborhood) that I would like to lease long term NNN.