Although my plan is to purchase a four-plex, which classifies for personal residence loans.

I know there is a requirement of 750 hours devoted to real estate investing in order to be classified as a professional real estate investor.

Can anyone tell me how would you classify this neighborhood? 

However, if it's too difficult... definitely get a pro (multiple quotes).. however first u just have to watch bunch of youtube videos to really understand the roofing side of the business to be able to understand how serious is the damage...This will not only help you save money by being able to assess the problem yourself and clearly understand who is telling you the truth vs who is not, but will also place you in the prime position of being able to analyze future commercial real estate properties... or any other properties for that matter....Note in regards to re-classifying your property from your own social security personal account to LLC... really it will result in tax consequences, and legal reclassification consequences... best thing to do is just either do it yourself and forget about any insurance... to avoid hike in your own personal property, and save money on... any cpas or lawyers.... 

I would classify it as a c property in nice area.

There are not too many who know how to properly record and classify payments and assets in their books.

The way to avoid having your rental activity being classified as a bed and breakfast is not to provide substantial services to your guests—don’t provide them breakfasts, clean their rooms each day, or do their laundry.

@Dale Nesmith ksl.com has a large classifieds section specifically for utah and some of idaho.

Or grab your local adjudicated newspaper and look in the legal notices under the classified section for new probate(s) publication. 

Grab your local adjudicated newspaper (Chicago Tribune) and look in the legal notices section of the classifieds.