Hello everyone,I have read some articles and post where people talk about a class A, B, C, or D property.

A, B, C or DTell what the property is like?

@Sam Denny - in my opinion, basic real estate investing in north Seattle and into Lynnwood is no longer a cash-flow game, but a bet on appreciation or tax strategy.

Having said that, you don't want to buy a D property in D area, but C+ property in C or B- area will be great.

Since you are new to rental investing and going out of state you basically have three options - do it all yourself and self-manage it (massive headache and huge learning curve for a new investor, ESPECIALLY if you go lower-tier C or D, distressed property), assemble a team of a property manager, contractor, etc yourself and manage your team, or go turnkey and basically cut the check and then collect rent. 

Ideally, I am looking for a C or D home (foreclosed is perfectly fine) in a A or B neighborhood. 

I would not recommend looking at C or lower neighborhoods just to get the cash flow.

Although it's not ideal to bet on appreciation to make a purchase (or future sale) more attractive, if big employers are moving to the area, it seems like the value of the home will go up.

I think your best bet would be to find a 300k home with a rentable basement that is C or C+ and doesn't need as much upfront rehab.

I feel like a lot of the investing is either a) people with cash that need to put money SOMEWHERE or b) people that are willing to take a bigger risk and bet on appreciation alone.