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.

Seems like you know the answer and need confirmation (and I am typing this from a 3/2 beach block condo in Wildwood Crest.)At 25% down purchase, even renting 12-14 weeks you would negative cash flow $3-5k month when you consider the many layers of expenses and the current rate environment.

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.

C-class locations can make money but your operatins need to be on point.

How much would I have to increase my price point to start finding viable properties in B-class neighborhoods?

If it was a Class A property and you had to make it really nice in order to fetch premium rent, I could see spending money on it.