Assets identified in this study include:Appliances: Oven/range, dishwasher, refrigerator, washer/dryer, microwaveElectrical and communication systems: TV connections and dedicated equipment outletsCabinetry and CountertopsDecorative light fixtures: Sconces, pendant fixtures, chandeliersInterior Finishes: Crown molding, wood panel wall covering, window treatments8.20% of the total depreciable basis was classified as 15-year class life.

B Class properties - they usually can breakeven on paper, don't necessarily need a PM but if the deal can still work with them, then they're beneficial to keep on.Are you self managing a C Class property in Indianapolis or did you need to find a property manager/leasing agent afterwards?

My A class that I own I self manage I have a RE agent that puts them up they find a tenant I require 700 plus fico so that weeds out 90% of renters and then I set them up on auto pay and if they have an issue we send handyman.. to be fair my units are basically new construction and townhouses in HOA's in the Desert ( vegas) so there simply is not a lot of maintenance. there is A class in every city its just that investors get so focused on  positive cash flow they dont buy those for rental purposes so they miss out on the best rental tenants.. the higher the cash flow on paper the lower the quality of the units.. its a fact..

Here is a list of all the stuff I love about REIHUb, and why I'm paying them $25/month even when there are plenty of other options that are cheaper, offer more features (on paper), or both:Their bank account import is flawless, with none of the sync issues I had with Quickbooks or Stessa.

I want to use the equity in my CA home for the downpayment"me: "gasp" there was very popular post a few years back and LA based investor took out a large HELOC on their personal residence so they could buy 8 units in a mid west city.. that he admitted were D class and on paper the cash flow was huge etc etc.. 

Paul McCommas who made over $26M in only 3 years selling paper, not properties.I won't be coming here for advice anymore.

I will agree with Juul  but not the other examples the banks did not create the mortgage mess as you state is was the secondary market that dictated what paper they would buy.. banks and mortgage brokers just worked with the play book they were given. 

So, you should be looking to understand the labor and material costs.Material is usually easier:Anyone you hire will need: drywall patching materials, sanding blocks & paper, primer, paint and the corresponding paint rollers and brushes.Labor may depend on level of skill:How long will it take to prep, patch, sand, prime and paint?

Literally everything I do is in-person and on paper, i.e. my Application, Lease, Move-in Form, Move-Out Form, etc.

And to go for appreciation if you're going to look out of state, meaning don't buy cheap Class C properties OOS for the "cash flow on paper".