Definition and How It Works https://www.investopedia.com/terms/b/broker_price_opinion.as...[3] What Is A Broker Price Opinion (BPO)?

Recommend 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’re looking for newer class B multifamily, they exist, but you do have to wait for them sometimes and act fast. you’re looking for C or D multifamily, they are available more often.

@Andrew O. having only A and B grade properties with highly qualified tenants makes a huge difference. 

Also, are you trying to classify a cul-de-sac as a class A, class B, class C neighborhood? 

@Paige B.

As long as you treat tenants with respect and own in at least a B- location, you should avoid much of the headaches you see in the headlines. i would suggest getting connected with the Salem REIA and start networking with folks there to learn more about how to be successful in your area.

And an added fact, I am "boots on", guess who knows the market best, who can tell you exactly what rent projections are, what block is B class, C or D.

But, at least there is time for you to have some plan B moves and still own the property, because when the lender calls a note due, it doesn't happen over night.

@Janani Rangaraj, here's the reality: an acquisition budget of $300k-$350k typically means buying in a B/B- market in metro Atlanta.