If the entire neighbourhood is a D class then likely hood is potential tenants are accustom to the environment and probably accept it as the norm.IN C/D class neighbourhoods the prices are what they are based on the community as opposed to individual instances of violence in a specific building.

But as someone who has specific personal tastes, I look forward to not being at the mercy of what the landlord thinks my environment should be (per my lease I can't paint, or change fixtures, or swap out the appliances, and, and, and...).

In an environment of rising rates, time is your most crucial factor.2.

Considering the rising interest rate environment and your risk appetite this may be a debatable response.

The key is to go with what environment challenges you, supports you, and lifts you up at the same time, while you being able to do the same for others in the group.

At the end of the day, in an environment like this, I recommend to my clients to pick the top 10 multi-families that are as close to your numbers as possible.

This makes for a challenging wholesale environment.  

Require them to commit for 5 years in a likely rising rate environment--that return may start looking pretty anemic.

Every year without exception, but I am in a rent control environment and have no other option if I want to stay current.

This creates more of a hostel sort of environment and of course you would want to list within your listing that each bedroom is rented out separately.