Quote from @Dorothy C.: referring to RentRedi Me too.

I also invest in a B/C area with an average purchase price of $80k.  

@Josue RamosRecommend 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.

(more legal fees, business fees vs. renovations).Research Points: §1.263A-1T§195(c)(1)Ervin E.

I now have B+, B, B-/C+ and C.

I've talked to lots of California and a few NYC investors that have lost money (including myself) who bought inexpensive properties in the Midwest mostly and a few in the South (Class C is volatile). - some strategies I've seen California investors use to lessen negative cash flow: house hacking, mid-term rentals (people temporarily displaced from home renovation or insurance reasons like fire), rent by the room, Short Term Rentals. - The ultimate house hack, live in the small ADU unit and rent out the two levels of the main house on AirBnb in San Francisco (I would have thought STRs are oversaturated in S.F. but it worked for them and they stay fully booked).

@Jacklyn Robins not trying to be difficult, but how many Class C or D properties do you have besides this one?

Since these were recorded C for deeds full foreclosures had to be done to get the folks out.. then the second one defaults. then the third.. 10 to 20% default rate is the norm with this type of deal.. next thing you know they cant pay the underlying and the sellers are screaming like stuck pigs.. ( the original seller) These guys had no money to prosecute the foreclosures so the people they sold to just squatted.. .

As the title says, curious how long others are seeing in their area to stabilize a SFR in a C neighborhood.

@Joseph Gary guessing your Detroit experience was with a Class C property.So, you may want to focus on Class B properties also.