I'm looking at a foreclosed SFR in a B to B- area that I am thinking about buying as a rental.  

I see a lot of references to property ratings using A,B,C,D ratings.Is there an official rating system to specify the qualifications between them?

My understanding is that if you have funds available for transaction A-B (hard money, transactional,etc), you would be able to do transaction B-C because you have already purchased the property with the funding source.

I just recently purchased a "B" property in a "C" area, but got it at a "C" price.

I started getting my first calls yesterday and have talked to about 8 people so far, it's getting easier already remembering/knowing what i need to ask people, I would give myself a B grade based on my newbie status.  

My pitch to them was strictly selling myself and my business  to them, knowing I had competition for the dollars and having a Plan A B C D E F for any question they could throw at me.  

Single Family: 3 Bedroom 2 Bath or 4 Bedroom 2 BathBest Neigbhorhood/worst houseClass A - B propertiesGreat School DistrictAppreciation above inflation12-15% cash on cash investmentValue Add Need- Distressed, Short Sale or Work

I'm going to look at a duplex today in a B+ neighborhood in cheektowaga NY.

Is it a Class A, B or C property?

Account ClosedIt will all depend on the long term path of oil prices and how much additional stimulus (read handouts) are given by the AB and federal governments {though they have perhaps learned their lessons in that area}.The real estate market was/is extremely frothy and over valued.