I also invest in a B/C area with an average purchase price of $80k.  

(c) Minimum front yard: 30 feet distance from front property line to building.

Quote from @Damon Albers: M.I.P. has properties in A+,A, A-,B+,B,B-,C+,C based on number of renters and other factors.

If you use it as several down payments and use leverage you could be off to the races with many more Class B or C units that will still cash flow for you.

Now we're seeing investors pouring money into buying Class C rentals - but, many are getting burned.In our experience & opinion, the main determinant of property Class is not location or even property condition, those are #2 and #3.

I can deduct the interest, but it gets added it B and C vs A?

Went through extra fast because the developer really had no other good optionsI doubt we'll know the full details for years to come but I'm curious if you have an opinion, or if there's other probable options C,D,E I could be missing as just a public bystander to the situation @Rene Hosman It's very rare that anything gets done quietly behind the scenes.

As a funder, I can provide an EMD of E dollars with a compensation of C dollars.

@Amanda Bradley Tenant sounds like typical Class C with a credit score under 620.How hard was it to find this tenant?

He has no C-Suite and no real accountability to anyone in his corporation.