We purchased our laundromat in a safe, middle class neighborhood.

In fact, I would estimate that it is mostly upper middle-class folks that have the money and wherewithal to go through the vacation rental process - prepayment of substantial monies, etc.If you only have one property, I would just stick with Venmo, CashApp, or Paypal.

The City of Detroit is block-by-block in many Class B & C areas.In our opinion, zip codes cover too large an area.We use Detroit Neighborhoods, which are much smaller than zip codes.

I would say maybe Class C if I could label it such. 

I'm closing on a 74k sq ft (5 warehouses) Class B Industrial facility this week. 

Look into asset classes with stronger cash flow, such as small multifamily properties, short-term rentals, or mobile home parks.

Class action lawsuits are already being discussed and there is potential at least portions of the blazes were caused by arson, often excluded from coverages.

Those properties are 3/2 properties with garages in B Class neighborhoods. 

Your property is fairly destruction proof, costs near nothing to maintain, yet you can charge above market rents.If your property is nicer (class B) where the carpet alone might be $6k or more to replace when the tenant spills hair dye everywhere, you won't be as happy as in the situation above.  

This is a B class property.