What is your experience in this asset class? 

It's affordable but $180,000 (move in ready) will buy you a Class C to maybe B area.

---We've seen so MANY investors do incorrect analysis, not understand the asset class they bought, etc. - 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.

I have to explain to the the capital requirements to acquire an asset like that which would be 60k+.For projects under 100k purchase acquired at 80% leverage you can figure needing 25k - 30k in liquidity for all the costs of the life cycle of the project.If you start acquiring in that 150k range, that lifecycle can go to 40k/50k needed to make sure you can handle the down payment, closing costs, holding costs, any miscellaneous costs that pop up and then still have a cushion in the account cause you never wanna be down to you last dollar.One of the first questions I ask new clients is what kind of capital do they have behind them, because that number will determine market and asset class. 

@Travis HospI am in the same boat as you right now.

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?

It's a mix between B/A class. 

It's more complicated with class d and some class c.  

Is this a C class? 

They pitched to overworked middle class folks that they do "95% of the heavy lifting".