I am planning to buy a house in Bronx, close to the city, I found a single family house 1 and 1/2 bathroom, 3 bedroom, finished basement, garage, and yard,The house looks in really good condition, I already made an offer for 570.000, in melrose Bronx, I know this is not a safe neighborhood, but I do believe the house will appreciate and also I think I could easily rent it since it’s close to the subway,What do you guys think, will a house in melrose Bronx will appreciate it, taking into account it is close to projects and it’s in melrose? 

I underwrite it in its current AS IS condition with current rents.

I have some properties that are in good condition that if I could get an offer of 85-90% of market value without realtor fees I would happily take for a quick sale. 

There is no hard grading system on investment properties so “Class D” would be a subjective term but ideally it would refer to the “state/condition” of the property, “quality/affordability” of the tenant base and the “rent/income” it could provide.  

Nothing good happens when you pick up rent, other than maybe you get to see condition of property.

What zones have it as special or conditional use?

Some might choose to sell and pay the taxes, especially if the market conditions are favorable, but it would likely be a tougher decision without the 1031 option.As for the broader impact, it could hurt the economy by slowing down real estate transactions and reducing the fluidity of investments.

Getting it on the MLS will help get more eyes on it for sure but mostly ensuring that the place is in pristine condition and priced slightly lower than your comps will help.

I would be willing to do business with them again.My overall comment is that they are "Expensive But Worth It".Here's the story:  I wanted to buy a property which had serious bad paper After six months of negotiations with the various parties involved, they agreed to do the deal, on condition that I close in 7 days. 

And invest in an area that's growing, the land is valuable, the cost to rebuild is 20%+/- the purchase price, you have the ability to weather the asset's volatility for a decade plus and trust the process.