***Only exception is if an owner has plan & funds to reposition Class D to Class C or higher.https://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?

a. do I use 50K (my 100K acquisition cost minus the 50K from the county land assessment), b. the county assessed 200K for the home/improvement (after all that's what is used to calculate the property tax and I have to pay them) c. or 80K, the county improvement percentage applied to acquisition cost (80% of 100K = 80K) 

What tools do you use to decide whether a neighbourhood is C or D etc?   

SMLLC is considered a disregarded entity unless you made the election to be taxed as a corporation(C or S)

Reading books that people recommend (and there will be tons) is always a great method of learning and establishing mindset.

Hi BP members, is it better to buy MF with window a/c or central air? 

This is for the purpose of having a strong foundation that will minimize risk from any “Black Swan” event and will also increase your long term cashflow.When investing in real estate or business in general, one should always look to protecting the downside first before looking at the upside.Just my opinion 🤷‍♂️Regarding your $50,000 budget for turnkey.It will mostly be C or D class which I would advise against.High crime, lot of volatility, unemployed tenants and property management collects rents with a bullet proof vest and shot gun.On paper things look great, in real life they are much different.On the other hand, if you DIY in a markets like Ohio, Michigan and Indiana.You can definitely be into a B class asset for $50,000 purchase and rehab.Wishing you much success

From what I know, it's a stable, growing city with very low vacancy rates compared to the rest of the country.Hilltop is not an area I am very familiar with yet, but from what I have heard would have mostly "C or D" neighborhoods.  

A corporation (C or S) most likely will affect your ultimate tax liability, but maybe not positively.

Any meetings in Vreenville cor Newbies?