Also, living in the property/neighborhood will stop you from buying Class D trainwrecks - which rarely work out anyways. 

Mine are all in Grand Prairie, Arlington and Fort Worth in C+ class hoods.

I thought this might be an interesting discussion, and I wanted to see your thoughts.The context: I am currently evaluating an out-of-state duplex in Richmond, VA which is in a C class neighborhood with upside.

Oh right...partners....what asset classes?

If you are in a working class market with a B/C type rental, the answer for me is NEVER!

Of course, this take a lot of time and it's often easier to just deny them.BTW: what is the Class of your property, as this sounds like a Class C applicant at best, more likely Class D.

Hi BB Forum,We are interested to learn and get input on B/C class neighborhoods in Pheonix where we can action the following:- Wholesale (Stage 1)- Fix/Flip (Stage 2)- BRRRR (Stage 2)- Buy/Hold (Stage 3)We are out of state investors looking at the best market/neighborhoods to have longevity in.

We manage a lot of properties in C class areas, there is money to be made, but you need a quality asset,  a great screening system, and you need to be able to realistically quantify the risk. 

Just be careful of chasing properties in cheap, Class D neighborhoods and expecting Class A results.

This positive cash flow will provide a financial buffer and support your long-term investment goals.Multi-family (MFH) and single-family homes (SFH) are distinct asset classes with different characteristics.