A/B class are going to be negative cash flow unless you can find an amazing off market deal and/or put over 30% down with a 30 year note. 

@Yanely PegueroRecommend 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.

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.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

That means they can get a 50% discount on the winning bid.If that's the case, they a) knew they'd kill the competition by smashing it to $200,000 and b) know they weren't going to pay any more than $100,000 for the house. 

If you want to name more than three properties (like your situation where you want to sell a larger asset and buy multiple smaller properties) then either     a. the total value of the list cannot be more than 200% of the value of what you soldor     b. you purchase at least 95% of the value of the list.The best thing you can do if you can grab enough runway in the due diligence period of your sale, would be to immediately get under contract for the properties you want even before you close the sale of your old property. 

Quote from @Jack B.: Quote from @Zachary Jensen: Yeah sadly these are not "like kind".

@Ryan Holtz the Midwest offers many cities that will lead to cashflow on a purchase with 20-2% down.The challenge is YOU understanding the differences between Class A, B & C, so you invest wisely and your expectations are met.You'll probably want to target Class B or C for cashflow, but make SURE you understand the pro & con differences.

EARNEST MONEY: In the event of a dispute between the Seller and Buyer regarding the disbursement of this earnest money, the broker is required by Ohio law to maintain such funds in the broker’s trust account until the broker received (a) written instructions signed by the parties specifying how the earnest money is to be disbursed or (b) a final court order that specifies to whom the earnest money is to be awarded.

(b) Do I then have right to enter, fix up, and rent or even flip within the 12 months redeemable period?

@Cara B.