Net Worth Statement                                                     Fair Market ValueCash                                                                                       $10,000Investments                                                                          $20,000Real Estate(original purchase of 95,000)                         $145,000Total Assets                                                                          $175,000Liabilities  Mortgage                                                                                $108,750Equity Equity                                                                                         $66,250if you are trying to do an income statementStatement of income & expendituresGross rent(A)                                                                               $10,000Expenses(B)                                                                                 $5,000Taxable income (A-B)                                                                 $5000Unrealized gain on assets(C)                                                    $5,000Book Income A-B+C                                                                    $10,000looks simple and easy to read/understand

On the business, management, and construction side I would give myself an A or a B.

A very common business model for HML is to promise the world, get everyone into escrow, get everyone to apply and pay for an appraisal......then cherry pick only the very best and safest loans to fund, and find a BS reason to deny all the others.

It’s currently vacant and needs 20-30k worth of work to be completed tenant ready.After monthly payment, insurance, tax, and utilities that I would have to pay the expenses are around $1700 / month.It’s a B - neighborhood but lots of new houses going in all around for 300k+.

With that being the case my business partner and I like to make a plan A, B, C all the way to Z.

I have enough cash available to do up to about 5 BRRRR B-class deals at a time, based on the terms I've found with a local HML.My question is this: If I can own a C-class home with no equity invested, and I'll have reserves for the portfolio, do I really care about the property class being C or C- instead of a B+? 

He has experience in all neighborhood classes and works with a b unchecking of Section 8 tenants.

The former is fully trained and certified, and the latter is (largely) a BS scam to get out of paying extra fees for pets.

What’s the difference between a b or c properties?

I know Bryan has stepped in to help clean when Amy's been under the weather (though he got a B+ from her since he forgot to clean the microwave!