I keep it as a general business expense and don't assign a property (class) to it. 

With this comes additional transactional costs that are more likely to present themselves in this asset class than other price point SFH's.

This would be in class b, class c will have higher maintenance/cap ex on average. you have $0 for vacancy.

At 7.8%, for an asset class like real estate, you want to be the lender and not the borrower...

I'll post updates here in case anyone wants to follow along.We syndicated in the states to fundraise enough for architectural renders, entitlement, legal, and to pay off the land. 1/4 of total funds required have been deposited in our bank account.Convinced a world-class architect to do luxury design for us.

Class D is too risky for us, given this is our first venture in 5+ MFH.

@James WangThere are a lot of different kinds of asset classes.

@Edward Suess-Hassman you won't be able to cashflow if you buy Class A or B property - unless it is a:1) Desperate seller and you get well below market price2) A major fixer-upper that you can invest your sweat-equity inYour other options are:1) Invest in Class C - but only do if you undertand 20-25% chance of tenant nonperformance and a lot of maintenance issues.2) You invest in another part of the country.DM us if you have more questions.

It's middle class, low crime, clean & zoned in one of the top desirable High schools. 

@Megan Mason recommend you watch some of the videos from @James Wise youtube channel on S8 evictions.We've been dealing with S8 tenants for over 20 years and they are NOT a cure-all for rent collection challenges.Since rents in Class A & B areas exceed S8 limits, most of your S8 rentals are going to be in Class C/D areas.