For example, in the town of Manchester there is currently a quadplex for sale on Bissell St.

I go through all my parts obtaining private funding, getting contractors set up (meeting dozens of them to find the right ones), and I’m about to get my civil engineers plans for the addition as well to propose to the town the day after closing.

Purchase price: $112,000 Cash invested: $22,000 Bought this 3-bedroom 1 bath house in a vacation town and moved into it.

@Pete Tarin  you have to keep in mind that an entire town or city won't be a class c/d area, often you have neighborhoods that are better or worse. 

The biggest challenge is that I’m not in Charleston right now—such a great town!

Rougher parts of town have increased maintenance/cap ex, vacancy, rent delinquencies and defaults, and level of effort to manage.  

You will get a feel for rents in certain towns and home prices.

Obviously smaller towns there, and I like to take a look at Zillow to get a gauge on the market for a future home. 

That said, appreciation is very strong in both towns and there are often a lot of tax advantages that sometimes make it worthwhile to buy even without cash flow.

Purchase price: $28,000 Cash invested: $40,000 Bouight this property in one of the worse street in this town.