This is what I love about this asset class.

@Ezra Avery you might want to read below to understand Classes of Property/Tenants.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?

This is a question on refinancing- If I own a property in a Llc company with lots of equity, I refinance, that money is classed as tax free as it’s a loan/debt?

Then we keep the accounting straight via Quickbooks with each unit a different Class.

I would target high lien to value properties in class C/D areas that are owned by an LLC.The supreme court case Tyler v.

@Kris Lou Be careful with agents as 95%+ of them really only know how to handle owner-occupied transactions.We don't do biz in Indianapolis, so this is unbiased info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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?

Quote from @Owen Maiden: Hello, I am looking for C class neighborhoods to invest in.

I also agree, that income is not a protected class.

It's a spacious 4br 2.5 bath with finished basement in desirable school district in a B Class neighborhood.

What is your price range for the small MF and are you looking turn-key properties or something along the lines of a "fixer upper"?