Property ClassProperties are categorized by class, impacting their quality, condition, and investment profile:Class A: High-end, newly built, prime locations, attractive to institutional investors.Class B: Good quality, older than Class A, with minor deferred maintenance.Class C: Older properties with dated amenities, but value-add opportunities exist.Class D: Distressed properties in less desirable locations with high risks but potential for significant improvement.4.

However, if the owner lives in Cuyahoga County or a contiguous county, the owner may be listed as the local agent in charge.

How are values changing compared to the rest of the local market? 

Selling a property that requires significant work can indeed be challenging, but there are several avenues you might consider exploring:Local Real Estate Agents: A local agent with experience in selling fixer-upper properties or historical homes in your area could provide valuable insights.

Look for distressed properties through online platforms or local agents.

Before committing to paying off the property, analyze whether there are ways to optimize revenue, such as better marketing, adjusting pricing, or upgrading the property to attract higher-end guests.Return on Capital: If you pay off the mortgage, the “return” is essentially the 7% interest you’re saving.

I am very involved in our local real estate investor association and agree that in this central Florida market there are an over saturation of STRs as well.

If you go into A/B Class the rents are going to be too high to justify doing section 8, meaning market rents are higher than Section 8 is able to pay.If you go down to D Class areas you're going to attract terrible tenants and it will be a nightmare. 

We understand that tax complexities can be challenging, but our experience shows that many of these barriers can be overcome with a strong local team.

COVID created a chaotic spike in both the sale & rental markets, attracting even more new real estate investors.