I did a 1031 exchange for two C class townhomes I sold to one of my investor clients from the West coast.

A minimum 650 credit score, as some have suggested, won't work for a Class C property.

Usually b/c if the deal is so amazing, the money is rarely the issue, and b/c those people that do have the money thus get to cherry pick for the 1 in 10 or 1 in 15 that is the MOST amazing of "amazing deals." 

@David Cherkowsky    This form is used:  https://content.enactmi.com/documents/calculators/Form1038.C...   

Now we're seeing investors pouring money into buying Class C rentals - but, many are getting burned.In our experience & opinion, the main determinant of property Class is not location or even property condition, those are #2 and #3.

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Yes I made contact with @Colin C..

@Chris C.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

What constitutes a "C" Market?