Quote from @Josh C.: You can’t 1031 a flip.

For (C) (ii), if parking spaces are "0", is "Identified as _____ and containing _____ parking spaces" left blank?

Hi Ricky,Being in operation for 10 years with mid seven figures of assets and NNN leases,it would be wise to speak with your tax advisor regarding if the tax set up should be an LLC, an S-Corp  or a C-Corp.It would also be wise to speak with an asset protection attorney to find out if this is something that might be beneficial to you in that area.

Class A and B neighborhoods are above median price and C and D are below.

C & D neighborhoods in an around Cleveland would probably be what you want to do.

For C to B-Larger developments announced nearby-Increased activity in new construction-Building of commercial retail in or near the neighborhood. 

I enjoy college football, video games, and lifting weights. 

Personal criteria, building criteria and area criteria will all affect the way a deal appears on paper. two 100 unit apartment complexes, one in an A area and one in a C+ area will have very different financial breakdowns and interest groups.Want to know if a deal is good (for you)?

I don't know if I will do the a/c and heat but might do dishwasher and w/d soon.My dad bought the building in the 70's when I was a kid.

HUD targets average rents for an area, so just like average school grades, this typically translates to Class C property rents.In our Metro Detroit market, the MAJORITY of the claims about getting higher than market rents can be traced to a Class D Neighborhood/Property.