In C or worse areas everyone seems to be a smoker.

By the contract they dont have to rush out to your property so if your A/C goes out your tenants could be going a few days without A/C or heat.

You might find some decent long-term buy and hold in Coachella Valley in some C or D markets as well, if you are willing to work in some rougher areas.

Like I said, it needs a lot of work if it's going to pull B tenants....however, it is clearly starting out with C (or D) tenants and you will have to ride out the transition time.

@James Wise new investors don't want HEAR or LEARN about the realities of the Class C or D rental they just got suckered into buying!

***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?

My primary area of interest is C+ or better small multifamily rentals inside the 610 loop.

***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?

Or is your strategy to bet on appreciation versus immediate cash flow?

@David Mount I don't have any experiences with turn key, but I do see the offerings.I've seen 1.5% but they are all in "c- or D areas.I have not seen any turn key properties in B areas, you can get 1.5% if you do the rehab yourself.I feel like those type of deals are kept in house.