Hello all,Seeking sfr, 3/2  or small multi in c or better area of Memphis, Shelby CountyMike Mosee

Whether it's C+ or B- is all semantics.

The best general advice I can give is to look at the 1) class of property 2) type of property, and 3) LLC expenses in your state when determining whether you are going to set up separate LLCs. 1) Class: If you have a top of the market house in an A neighborhood, I would keep that separate from properties in C or D neighborhoods.

Go to Vegas and bet on black... you can double your money with the spin of a wheel (course you could lose it too, so do your own risk analysis!)

If you don't buy into a super-hot market and bet on appreciation...REI is relatively safe.  

A, B, C, or D area?

Your rehab cost will be dictated by the condition of your property (deferred maintenance and other capex issues), submarket, neighborhood, tenant expectation/quality, comps and property type (A, B, C or D). 

Class B or C or something else? 

There might be tons of equity and you can then do one sort of deal.

My other properties are cash flowing nicely but I’d like to invest in an area where I can bet on equity going up considerably.