It really just depends on what your goals are and how you are financing.What is your classification of a C neighborhood? 

At first I got "it will be two weeks until we can send someone out" but after hounding them for a couple days, including a visit in person, I got them to eventually change the classification over the phone.

It is however important to note the classification-defying PacNW climate* in that western rim: our clear, dry, low humidity summers are very unusual considering that we live in a temperate rainforest!

The current classification has it as unbuildable due to wet lands classification.

Being a buy and hold investor in no way, shape, or form prepares you to be a RE notes investor ... it is not just a completely different investment, but a completely different asset class. If

Here's my advice: It's not cheap, but I'd spend the money to go to an apartment investing class. If

Many good flips have a condition classification of A C2 and would have all systems replaced... 

The classification of A B C D is rather subjective depending on the city you are operating in.

Economic losses are a real killer in this asset class. If

That and the bank appraisal would probably determine what the official classification is.