If you use it as several down payments and use leverage you could be off to the races with many more Class B or C units that will still cash flow for you.

I'm looking at Class B properties in up-and-coming neighborhoods and plan to self-manage once I relocate.  

I'd talk to brokers in your specific asset class and market.Do you already own similar assets?

I learned that with an A-Class tenant expectations are higher and had to step up my level of service.

I know property managers in every state who use non-refundable application fees and it is the standard for every class of property and applicant.

Federal Laws Prohibit Discrimination of 7 Protected Classes, Massachusetts has added 8 more:-02.Always know more of the Rules/Laws/Regulations than ANY Tenant.

Hey Andrea, for STR you're definitely going to want to look into A/B class areas.

Unless you're in a Class A Neighborhood like Palmer Woods, Indian Village, Sherwood, etc,. the additional rent probably won't support the cost to build:(More profitable to take the build funds and buy another property.DM us if you'd like to discuss more...

I've 100% focused on Adaptive Reuse of Class B Industrial Space. 

From a risk point of view, there is no real middle class and a very small upper class.