Could be that most landlords have a negative experience because the local housing authority is very anti-landlord. 

Total rehab. we removed the galley kitchen and created and open concept with a 24 sf island in the middle.

I'm presently working with some investors and our plan is to build some more 10 bed facilities (I'll post separately about these future concepts.)

It’s negative cash flowing to begin with, and you will likely have to rehab it to some degree if you put renters into it.  

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

If financed at high LTV, there will be negative initial cash flow.

Budgeting 5% of $1,000/mo for cap ex ain’t gonna cut it which is why these properties run negative even if they’re supposed to spin off $100/mo or whatever.

When you refinance you can use the funds to buy more properties... it has some BRRR concepts, but not a true BRRR. 

Communication is critical and it is not always easy to explain or provide updates when one is underprepared, under-qualified or delivering negative news.

I do not have anything positive or negative to say about them.