Quote from @Joehn B.: Enzymes. 

The house is a B-level property in a B-level neighborhood.

Buying better cashflowing properties typically means Class B or C properties, which means more tenant & maintenance issues.

The rest are focused on personal growth and development as well as scaling a true B quadrant (see RDPD cash flow quadrant) business.Could I "do it" without all this?

., b. 

The home is in a B class neighborhood inside of a good school district.

He rightfully is thinking that a. you can't spend equity, it has to be converted to money to be useful b.

The dilemma i face now is that I can’t decide if it makes more sense to embrace the c class identity this property gives the impression of, or put a lot more into the renovation, get better quality tenants and convert it to the B class property that the building (and the area) should/could be.

From my POV.it really depends on asset class and tenant Class.. this is a huge distinction. my clients that I sold apartment complex to in Oregon with B class.. they pay 4% but then have to pay for on site manager as employee.. so 4% to manage the on site person so that person does not rip you off :).However for BP and I have to think the vast majority of the rental property investors on this site that have gone to  D C B out of state markets.. those props are not like a 600k rental in Denver and the tenant that comes with it.. or really any city with a A class tenant..

I'm looking to invest out of state, specifically in cities that are landlord-friendly and targeting B-C neighborhoods.