My properties are mostly C- or B-class.

There is certainly opportunity there, but you have to keep in mind it's more of a long play in terms of when the area will be more of a C or B type neighborhood.Another area that comes to mind when people say "South Dallas" is Oak Cliff.

Sure if you take a bet on rates... 

I don't have the connections or will to do a lot of renovations or remodels - turnkey is my strategy for now in decent+ areas (C or better). 

Walnut Creek is very far from class A, it's class B+ max.Antioch depends on highway is class C- or class D.

There will always be tons of discussions on BP about local vs out of state.

They might be more willing to bet on the deal you've found, especially if the numbers make sense.

Should I file Schedule C or Schedule E? 

PGH has some great neighborhoods, but it also has some very, very rough neighborhoods (and some areas that are OK, but which may become rougher over the next 5-10 years).At its root, your question is whether you, as a first-time investor, should buy an OOS property in a C or D area because the property cashflows well on paper.This is one of the most commonly discussed topics on the forums; here’s my response taken from a previous thread:Usually, "new investor" and "out of state" don't mix.

Most true multiplexes in San Diego are in class b- areas and below (most are in class c or c- areas).