@Kyler J Sloan based on what others have said  about what repairs are needed I would bet on a fairly new used one only for a STR if you were going to get one.

Bet on yourself, no better return than that.

***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?

how to find location type whether it is A, B or C or D.Which type is better to invest i heard like C or B.How to find for a particular small multi family unit in a particular city  below thingscrime rate  present value future value of a property  job growth gentrification development that is there employer details future development that is coming neighborhood detailshow much i can pay for each unithow old buildings i can consider to purchasewhat types of buildings are out there which last longer..i heard brick lasts longer?

I read that areas with a flood risk zone classification of B, C, or X aren't federally required to have flood insurance.

The UW's always ask about this when the borrower incorporates (goes from Schedule C, or D to S corporation salary + profit split).For your scenario, if you did better in 2013 and your 2014 profit and loss supports equal or better income in 2014 I would use 1 year tax return conventional financing if the purchase price/loan amount/fico scores/income/ down payment guidelines work for you.The topic is very complex but in essence a 1 year tax return requirement is more streamlined (less documents less headache and qualification risk).Hope that helped.

We only do B/B+ props, so if you're looking at C or lower, my post on the thread may not be as useful to you, but there's some great info in there from other investors as well: https://www.biggerpockets.com/forums/311/topics/22…

But with that many houses there are bound to be tons of things that need fixed and repaired.  

And keeping your bet on Houston doing well.

My goals are to net cash flow per unit $250, appreciation at least national average, and be in a C+ or better neighborhood.