., and in your analysis account for slightly higher PM fees.  

Hi BP family! 
I am analyzing a deal in South End neighborhood at Charlotte NC. 
The house has some "hard" issues: 
1. pretty steep hill in the front with stairs to the front of the house. No driveway in the front....

@Chris Seveney and @Stuart Udis and @Jay Hinrichs have posted excellent analysis.  

Okay, we can't expect unsophisticated neophyte investors to utilize financial analysis, risk management, Monte Carlo simulation, etc to mitigate risk.

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

Well, those properties will statistically attract corresponding Class B & C tenants.So, how should an investor account for Tenant Payment Performance/ DEFAULT in their analysis? 

Yes, very fair analysis.

• Resources for Learning: We’re working on improving our deal analysis skills and would love recommendations for tools, books, courses, or calculators tailored for beginners.• Networking and Connections: Are there local Bay Area meetups or forums for new investors?

First, I'd suggest getting familiar with the basics of real estate investing—property types, financing, and market analysis.

The sales comparison approach is typically done for residential real estate and will be less appropriate and come in under value because there are no good comps, and even an appraisal using the income approach (unless the appraiser is trained to do more complex commercial appraisals) is probably not going to be the most accurate either because they typically use market cap rates and in this case you don’t have good comparable income properties to find the market cap for the analysis.