Hi Everyone, I hear large buy & hold investors classify a rental property by a class (A,B,C,D) all the time.

When I first discussed what we were doing with them, they were intrigued, but did not have an existing "box" into which to classify all these sensors - like they have for smoke and CO detectors, sewer back-flow valves, etc.   

BTW - I do not claim any expertise on "Lien Theory" vs "Title Theory", and even those with some claimed expertise seem to differ in their list of states that are classified as one or the other.

@Randy Rought Looks for classified ads on craigslist in the RE section.

Also a lot of this work was smaller in scope and therefore classified as “repairs” and is qualified under expenses.

If a lender is not compliant, that might make it harder for them to collect and secure collateral as an unlawful lender, that's not a problem for a borrower.Regardless, there are those willing to lend with a wide range of qualification and underwriting requirements, what any lender requires or is willing to loan on doesn't classify that lender in mortgage lending. 

I'd classify it as a B-level neighborhood, average 1400 sq ft houses, stable suburb area, minimal crime, and LOTS of rental homes, so you're in luck!

This way top leads classified as an "A", for example, are easier to identify and can take first precedence over the others. 

Back in the day (longer than I care to admit) everyone looked in the Classified ads for weekly house rentals in Florida to plan their vacation.  

I would classify my home town as a blue collar, "C class" area.