The neighborhood they lived in was A/B near Mona Shores, but I remember how someone could walk just a couple blocks in the wrong direction and end up in what might be described as "desolated suburban wasteland" :(My questions for those who are active or are considering becoming active investors in the Muskegon area:1) Why should a real estate investor like myself take a bet on Muskegon right now?

I'm an out of state investor (California) looking to do my first buy and hold deal in Ohio.In the market for a multi family, in C+ or above neighborhoods.

Ask a lot of questions until you are comfortable but bet on yourself and take action.

***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?

Minimal down, what appears to be tons of upside, why the hell isn't everyone doing this!

Sounds like the decision is a half dozen one way, 6 the other...I have done work in red feather and there seems to be tons of activity, at least at the moment. 

***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?

I hope it help. https://www.biggerpockets.com/forums/432/topics/89731-guidelines-to-help-determine-property-grade---a-b-c-or-d

I established Knollwood Investment Trust, LLC in 2012 with a mission to build a portfolio of privately owned single and multifamily properties throughout the state of Florida.I am currently looking for off market, investment grade properties in Florida's major metropolitan areas and up and coming sub-markets that meet the following criteria:Multifamily Property:10+ UnitsMinimum 8% CAP RateClass C or betterValue Add opportunity (i.e. high vacancy rate, below market rents)Single Family Property3 Bed 2 Bath minimumBlock constructionGood neighborhood with mostly homeownersIf the deal has hair on it, I like it.

I've heard it said time and again here - don't bet on appreciation.