Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

A quick test is if you drove around the neighborhood, would you live there?

Is the neighborhood grade in Jackson the same Portland? 

A buddy of mine invested early in that area, and let's just say he's not regretting it.From what I've heard, these massive projects tend to create ripple effects in the surrounding neighborhoods.

You get what you pay for in all cases: while shopping for food, clothes, attorneys, CPAs, Doctors and Realtors. 

Don't internet shop for that. 

Do you know where I can find information on the class of a particular neighborhood in the twin cities?

For example, we have a multifamily deal in the boroughs where the contract rider specifically states if the owner cannot deliver the property by X date, the purchaser can back out with their deposit.If you have some flexibility on the contract, you could continue shopping active deals as backups.

One of the few multi family properties in this SF neighborhood that had gone up for sale in the last 3 years. 3 story on a large lot, 1952 build with great bones.

One of the few multi family properties in this SF neighborhood that had gone up for sale in the last 3 years.