Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Their a/c starting leaking and has missing ductwork, and is blowing air in random places.

It's land where I built condos and obtained a C/O March 2022.

I’m a fan of C+ class areas.

@Robert Ellis-Multifamily and Built to Rent-Minimum 100 Units - Maximum 450 Units-Markets: Dallas Fort Worth, NW Arkansas, South Dakota, Kansas City, South Carolina and a few others-A & B Class (C Class only in main markets and must be priced very well)- Primary focus: Straight from developer / merchant builder

Remove those and the Net S8 Rent will be market rent.Typically, the only way to get more than market rent is by buying in Class D areas and hoping a S8 tenant will live there instead of a Class C area.Keep in Mind: TENANTS QUALIFY FOR SECTION 8 FOR A REASON!

@Maurice Smith 2nd vote for RL Management.Regarding owner payout timing, it's easier to pay sooner for Class A rentals, because the tenant payments are more consistent.As you go from A to B, to C, etc., tenant payments are LESS consistent, so many PMCs opt to pay owners later.

Price: $130,000 Building Type: DuplexRealtor opinion of Neighborhood grade: C+Property Description: Building breakdown1,440 sq ftUnit breakdownUpstairs unit is 1 bd 1 ba and is rented for $750Down stair unit is 2bd 1 ba currently rents for $750New electric, plumbing and roofRent Comps: $1,129 for upstairs unit and $1,074 for downstairs unitI used the current rents for the breakdown above, but seems like theres some more upside potential. 

Definitely don't sell it and buy cheap Class C in Texas or other state for "cash flow on paper" - I learned a painful lesson with those types of properties. 

C class area I wouldn't want to be all in (purchase plus rehab) for anymore than 75% of ARV since I know that's pretty doable in the Pittsburgh area.Deal #4Basically same criteria as above.