Someone could have income from a pension, disability, investments, or even Section 8 without being employed.I'm not taking the time to study your market, but the ad looks pretty good.

No, I do not extract that income to live on because I don’t even need the $250k to live a pretty extravagant (To me a boring Midwest guy who never made more than $60k/yr while working.

Class D is mostly rentals (another tip to look at owner occupied stats and/or if the neighborhood is identified for revitalization), the tenants are outside smoking, they are talking to neighbors and solicitors, it is a completely different vibe that is pretty noticeable just driving through.

You just have to know the area  the soils and or get owners permission to do a test if they will allow it ( pretty rare i suspect to be able to do that)..

Even though ALOT and I mean ALOT of people on bigger pockets or friends and family have told me airnbnb arbitrage wouldn't work out I have been pretty successful even though I was pretty much self learnt without any form of joining a course or anything like that.

In the current market, it's pretty much impossible to have any positive cash flow in the 2-4 unit space with long term rentals, unless you're putting ~40-50% down, not only focused on the cash flow per se, but rather simply not being in the negative.

It's pretty cool finding these "diamonds" in the rough...There are two main paths to profit that I follow.  

I'm pretty sure if the owner filed bankruptcy the Trustee would have your claim to the income disallowed and since the owner does not have personally liability for the "debt" you're not even an unsecured creditor.  

I'm pretty neutral on the local market outlook for the next year. 

I think he had some self promotion in the post and mods removed it @Paul Ewing