Started looking in C/B- class neighborhoods, fringe areas, and walking distressed properties with an agent.

Half (per C) is taken in payroll and the balance used on business expenses / allowable fringe benefits.

For example 6.5 in Dallas whereas 7.5 in Gulfport MS.These days nothing is over 7.5% cap (unless its a truly off-market deal and a fringe deal under 60-units).

Not only are those difficult to argue with, they actually do serve a purpose in helping warn BP members of real danger that may be lurking out there - common with gurus, for example, shady wholesalers, and other fringe players. 

If you’re willing to live “on the fringe” of your already gentrified areas as a means to an end in places like west Kensington (borders of fishtown), Cobbs creek (borders of U-city) , or 19134 on the “not as happy side” of Aramingo (the NW side) you’ll likely be able to cashflow better and see a larger increase in property value since those areas are on the path of progress.

If you are ok living a little farther from downtown in some of the fringe/developing neighborhoods you can live for free and even make money living in a building.

I'm looking at the fringes of the Metro area (Casa Grande, Coolidge, Apache Junction, Florence, Buckeye) as the Phoenix has gotten a lot of investor attention the last few years from local and out-of-state (California) investors looking for good deals.

So spend a minute defining the fabric, the fringe, and the fray.It's worthwhile to invest in the fringe IF there is a cluster of others making improvements.

Also the c Corp is giving me fringe benefits.

Well these good people are being priced out of the nicer areas that have risen in value and they're moving to the " fringe" neighborhoods like Franklinton, which is hoody but not ghetto.