These are all C/C+ class areas. 

Installed an A/C to bring up value and will eventually add on an additional master bathroom.

About half went into the down payment for the next house hack, correct with no HOA and used a little to upgrade some like adding central A/C.

@Kevin C. owns a couple here in Anchorage.

From the postings so far, it seems if everyone is thinking of only Class A properties.How much sense does it make to rehab a Class C property to Class A standards?

And you need to talk to an attorney to make sure you are not violating any SEC rules, i.e. even if your minimum is $1,000, if you are 506(c) exemption, your investors need to be accredited.And loans: talk to lenders.  

Should we have a S-Corp, a C-Corp?

It’s currently a mess but the f/c will clean it up. 

@Mikey C.1.

. - then they lose thousands:(Here's some useful food for thought (copy & paste):.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.