If your rental is in a B class neighborhood and you install C or D class cabinets and appliances, you will not likely attract B class renters.

***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?

Schenectady has been a challenging place to invest for quite awhile- with GE paring down further, I don't know that I'd make a bet on it- and were casinos a panacea, Atlantic City would look quite different than it does.Troy has been very good to me- it's a bedroom community to Albany, and its downtown is pretty happening in its own right.

Yes,  S Corp Owens will have w2 income and S-Corp will fund the employer portion of the solo 401k based on compensation to sole owner/shareholder , and owner/employee will make elective deferral with the W-2 income: Schedule C or partner in a business will not have W-2 income. 

I have people tell me that the supply/demand thing will make that impossible but I wouldn't bet on it.

I bet on myself in a world that lacked opportunity for people of my color.

The only two options are A) massive cuts in spending or B) allowing inflation/money printing / rates back to zero.Gotta bet on B) because its 100x more palatable and people don't comprehend inflation cutting standard of living versus direct cuts

I would personally sleep better as the guarantor on an $8,000,000 loan collateralized against an A+ location asset valued at $10,0000,000 than the guarantor on a $65,000-$70,000 loan collateralized against a C or D asset valued at $100,000.

Such surveys and affidavits shall be admissible in administrative and judicial proceedings for the purposes of such verification.(3) Housing shall not fail to meet the requirements for housing for older persons by reason of:(A) persons residing in such housing as of the date of enactment of this Act who do not meet the age requirements of subsections (2)(B) or (C): Provided, That new occupants of such housing meet the age requirements of sections (2)(B) or (C); or(B) unoccupied units: Provided, That such units are reserved for occupancy by persons who meet the age requirements of subsections (2)(B) or (C).(4) Nothing in this title prohibits conduct against a person because such person has been convicted by any court of competent jurisdiction of the illegal manufacture or distribution of a controlled substance as defined in section 102 of the Controlled Substances Act (21 U.S.C. 802).(5)(A) A person shall not be held personally liable for monetary damages for a violation of this title if such person reasonably relied, in good faith, on the application of the exemption under this subsection relating to housing for older persons.

Meanwhile, it sounds like you may have purchased in an area that may be C or D (drugs, etc.)?