I am an investor based in Fairfield County, CT and just rejoined BP after many years away.From 2005-2011, I got up to ~150 units in SF & MF both rehab & new construction, Class B & C, but (regrettably) sold all to focus on institutional real estate and private equity.Since selling off, I got an MS degree in real estate and participated in most asset classes institutionally ($10-250mm+) with a focus on SF & MF.

Quote from @Joseph Weisenbloom: Educate the Tenants on how A/C functions.

Quote from @Andrew C.: I'm using Quickbooks to track overall finances.

(Now that is a financial goal on another planet from replacing your working income and retiring to plunge toilets for a bunch of Class C people who've never held a job in their life)

Those are not the inputs that normally stand out in the excel spread sheet when analyzing the C/D properties vs.

Quote from @Fernando C Espinoza: What an inspiring story.

Hello Cliff, as I went through this about five years ago before I started investing in properties, the advice that you’ve been given initially is right on point so from another perspective, but say that you hire yourself as a W-2 employee instead of an owner on your schedule C personal 1040.

C.

Most other CRMs are all about the A-B only, and don't do much with the property after the B-C has closed.

Also doesnt hurt to have a plan C, close on the property yourself and then list on MLS or sell directly to other buyers.