What would you consider the a/b areas where you will get professional type renters?

Also keep in mind most people that are boasting their rate of returns don't seem to be saying if the properties are Class A, B, C, or D.One of the things that I do is look at my portfolio as a whole, I have brand new construction in Class A areas, in addition to Class B, and Class C properties.

I would say this is more like a B-.

You don't get the same protection compared to a B to C transaction from Uncle Sam.2) Syndication has its positives and negatives.

This is why we are almost exclusively a B/B+ turnkey operator, it is very difficult to find the kind of deals in A areas that leave enough margin for instant equity to compensate for the reduced cash flow (due to high loan payments, high property taxes, etc).

The price will differ from what class the property is (A,B,C,D...) and what other properties within that area have sold for.

This also explains why publically traded Reits into SFRs only invest in A,B areas and not C, D areas generally.

I don't believe you are going to get a 10% cap rate for a B property just about anywhere in the county.

Are you buying in A, B, or C neighbhorhood.  

I understand how transactional financing works with the whole AB closing and the BC closing with the wholesaler/investor being the "B".