IE If you owe 100k but the house appraises for 200k you take a 75% c/o refi, you would essentially get 150-minus the loan so 50K.

C) NO EQUITY: Seller was -$500K upside down with a $1.4M reverse mortgage. 

Quote from @Rebecca C.: I am new to this and trying to gather as much  information as possible.We are mid fifties, living in a tourist area on the coast of GA.

Going forward, we want independent book quarterly reviews C.

Hello everyone, just wondering which B and C class neighborhoods in Cincinnati would be profitable to look at for a potential house buying and hold investment.

I disagree completely that C class properties in the Midwest are crap.

I.e. while it is unlikely that there is a Class A new build next to a terribly managed Class C property, if that is the case, the management approach is vastly different.Then I would ask for their investor communications. 

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

. - You have to walk a fine line with Class C and D properties.Easiest way to monitor or learn how to Maintain to the Neighborhood your property is in - check out interior pics of the rental competition on Zillow. 

I agree with Brian C (above).