We purchased our laundromat in a safe, middle class neighborhood.

Now this property is in a class C neighborhood with a calculated 11% cap rate estimated.

@Jordan Meltzer unless you find a screaming deal - a Class A property won't cashflow for 3-5 years.Class B: 1-3 years.Class C: most investors don't properly understand the risks, so should stay away from them.So, you may need to deal with negative cashflow, but plan on appreciation increasing your wealth.

@Josue RamosRecommend 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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Unless you bought in D class, very low appreciation area, you should be sitting pretty. 

When the rent rates stabilize, I suspect they'll bring it back.I wouldn't try it in a location like Portland, but 99% of the country would be fine with a policy like this as long as it is disclosed and applied equally.Can and should are two different things.You do you, but my advice still stands: be careful when dealing with Fair Housing protected classes.

I'm closing on a 74k sq ft (5 warehouses) Class B Industrial facility this week. 

.- Background: Took some real estate classes before but really a lot of self learning on creative financing - Current Goal:To close my first wholesale deal within the next few months by learning from seasoned investors and applying proven strategies.I'm here to absorb as much knowledge as possible, so if you have any tips or resources, I’m all ears!

If you can get in on a live goal setting all day class with Steve, I think it was one of the best classes I've ever been to. 

If they Wanted to stay inside a duplex within class A+ neighborhood?