In our experience, the S8 guru/scammers promote buying Class D properties and then renting them out to S8 voucher holders.It takes a lot of hustle and probably legally bribing the tenant with an appliance or two, to get them to move into a bad area.No telling how long they will stay either. 

I always knew that our economy experienced market cycles, but I never realized these market cycles could vary by asset class and location.

We currently are in the process if renovating multiple units in order to create middle to upper middle class units.

@Roxane WarbyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

-The correct answer is, it depends on the Class of the property.BTW: there is no industry standard for Property & Tenant Classes, so the definitions are fluid depending on the location and investor opinion.We're in the Detroit market and if you'd like to know more about it, please PM us.

or did you buy into an asset class/market that is going to have the same issues regardless of who is managing it?

Should I prepared for a Duplex or any other multi-family deals to be:1. in Class-B or Class-C neighborhoods only?

It is much more of a working-class market than Santa Fe, where historically the market has offered a wide range of housing, from entry level to luxury homes, most being in suburban style neighborhoods and large developments.

That is a huge rent payment for someone to live in Brighton, and that demographic does exist, but I would you would have a larger vacancy rate than a Class B asset, and what happens if that tenant loses their six figure job(s)? 

I'd recommend buying in Class B or above neighborhoods, easy access and close to freeways.