Asking Price: $1,985,000 NOI: $147,000 or 7.50% Cap Rate Units: 64Location: D or ETenant Type: D or E Thanks, 

The neighborhoods that have multifamily here I don't think I would qualify as C+ to B (though everyone uses the A-D or A-F spectrum differently).

. - I am going to guess you do D or lower properties?

Furthermore if the TK property is selling for $50k or under, then you know the TK company paid ~$10k or less for it, which means there are likely to be other $10k or less properties surrounding it, which means Class D or F areas which means high risk.

@Immanuel SiberoI should be out exactly zero cost as far as i know at this point in looking at the property the only thing i am unsure of is if there are minimum appliances in each unit (oven, fridge, microwave, W/D) or if I will need to supply them.

Although I think that most of them are in D or C neighborhoods he didn't specify as to what kind of neighborhoods he's okay with investing in so Vegas is definitely a possibility. 

I don't think there's anything wrong with going after Class D or warzone properties but I'd make it a focus, a laser focus, and the meat-and-potatoes of your long-term strategy.  

Screening is the key whether you're in D or A areas.  

Don't throw a bunch of non-rental income sources on Schedule C this year, and then randomly throw it on Schedule D or an S corp next year.

I have two friends here in Dallas investing in D or worse apartment complexes, with low cost per unit, doing a full Reno, then a cash out refi after appraisal, and they seem to be really great cash flow machines.