Iḿ currently under contract on a 77 unit apartment complex in Indianapolis in a neighborhood I consider to be ¨b¨ class. If

Overall, its a great investment class if its approached from the right perspective and the investor is well informed, has the right skills for the investment class.

Depends on the asset class... if your passive or active... whether you like tenants and PMs or not... 

As more and more adopted dogs are pit mixes, this clause was included in my most recent lease and is very landlord-friendly for mix-breed dogs:Owner Shall Determine Breed: Regardless of resident’srepresentation as to the breed or classification of any animal,resident agrees that owner shall make the final determination asto the breed or classification of resident’s pet or animal inowner’s sole and absolute discretion.

*Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) *Don't allow for your own independent property inspection *Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) *Require you to pay for any renovation upfront *Sell only in cheap. low end neighborhoods *Don't accurately represent the neighborhood/property classification *Don't have consistent rehab standards for all properties *Don't provide a scope of work for the property *Can't provide references of repeat investors *Require you to close before a tenant is in place

In general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) Don't allow for your own independent property inspection Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) Require you to pay for any renovation upfront Sell only in cheap. low end neighborhoods Don't accurately represent the neighborhood/property classification Don't have consistent rehab standards for all properties Don't provide a scope of work for the property Can't provide references of repeat investors Require you to close before a tenant is in place

You were not in my class. If

The classification is based on the facts and circumstances of the nature of the expenditure.According to IRS PUB 527:Repairs.

Doesn't mean they deal with classification or tax law.

Someone with extensive experience in multifamily is sure to know classification ratings of multifamily properties from A to D, how they are rated, and what peramiters are used in the ratings.I didn't mean to take us off topic.