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? 

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.  

I provide free rental analysis when you're trying to determine potential rent values.

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

I am pretty sure internal Wells Fargo has more information and analysis about this business.  

Dart board" investing/analysis works, but is very inefficient.  

Hire an experienced real estate agent (20+ years in the biz) to run a market analysis for you.

For 1 property, its a cost/benefit analysis in my opinion.

It’s exciting to hear you’re looking to scale up into larger multifamily investments—financial independence is a fantastic goal, and it sounds like you’re taking the right steps to get there.It’s great that you’re already focused on assembling a team and diving into market analysis.

This analysis is purely for educational purposes and is for a course capstone project.Any thoughts/feedback would be super helpful.