Look at this:https://www.marcusmillichap.com/properties/154758/arbor-at-t...36 dwellings, Class A, brand new, 100% vacant, and some retail as well.

You said that based on your thinking that she doesn't request less money for the hard work of creating a sterile environment for your guests when it takes less time.

Most small balance multi family complexes will not yield a 8%+ CAP in today's rate environment..unless they will consider seller financing..with 30% down there should be some options for creative finance solution.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories. 21.64% of the total depreciable basis was classified as 5-year class life.

The dilemma i have 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. 90% occupied, the yearly rental income is around 600k with 420k NOI. 

Hoarding is a protected class, as a disability, but your suggestions of having requirements for neatness/safety built into the lease sounds doable to me, with attorney help.

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.

@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.