Would you rather own a piece of Facebook or a rental in a B or C class neighborhood?

If we try to convert a Class C- apartment buildings to a Class A/B+ properties in a Class C- area, will we be able to get Class A/B tenants for $700 to $750 rent?

A, B, C etc?  

I would never buy in an A or a B neighborhood because I am looking for cash flow.

Then you're paying highest prices (especially in this market) for a home that the value can not go up in for things like repairs, raising rents (on commercial) and turning a B property in an A neighborhood into an A property in an A neighborhood.

-in a B+ or better neighborhood and in a great community with very very strong schools.curious on ideas/interest from those of you that have development experience in Ozaukee County. 

The process is, for example: 1) Monday: Escrow Agent records the A-B conveyance of title with the county. 2) Tuesday: The A-B is considered "closed". 3) Wednesday: Escrow Agent records the B-C conveyance.

It's tough for a spreadsheet to differentiate a B- from a C+ area or a C- from a D (warzone).  

On top of all of that, you would be able to take your $100K cash and purchase a solid 4 plex in a B/B- class neighborhood that will cash flow, and provide you with mortgage pay down, or you could purchase a higher returning residential multi in a more marginal neighborhood and try to achieve a higher return with something that is possibly value add, so now you have options for your investment.  

The following fields are listed and i've bolded what my gut says but any help would appreciated:ABANDONMENT OF ASSUMED NAMESABSTRACT OF JUDGMENTAFFIDAVITAFFIDAVIT OF CLAIMAFFIDAVIT OF HEIRSHIPAGREEMENTAMEND LIS PENDENSAMENDMENTAMENDMENT DEED OF TRUSTAMENDMENT FIN STATEMENTANNEXATIONAPPOINTMENT OF TRUSTEEAPPT OF SUBSTITUTE TRUSTEEARTICLE OF MERGERASSESSMENT LIENASSUMED NAMES (DBA)BILL OF SALEBONDBONDS AND OATHSBROKER'S LIENCANCEL TRANSFER OF DEATH DEEDCEMETERY DEEDCERT COPY OF DIVORCECERT COPY OF JUDGEMENTCERT COPY OF PROBATECERTIFICATECHILD SUPPORT LIENCHILD SUPPORT LIEN RELEASECOLLATERAL TRANSFERCOLLATERAL TRFSR RELEASECONDO PLATCONSENTCONTINUATION OF FINANCING STATCONTRACT OF SALECORPORATE RESOLUTIONCORRECTION OF DEED OF TRUSTDECLARATIONDECLARATION OF CONDOMINIUMDECLARATION OF DOMESTIC PARTDEEDDEED OF TRUSTDESIGNATION OF HMSTDDISCHARGEDISCLAIMERDISCLAIMER OF HOMESTEADDISSOLUTION OF DOM PARTEASEMENTESTATE TAX LIENEXTENSION AGREEMENTFEDERAL TAX LIENS AND NOTICESFEDERAL TAX RELEASES AND WAIVERSFINANCING STATEMENTHOME EQUITY LOANHOSPITAL LIENHOSPITAL RELEASEINFORMATIONINHERITANCE TAX CERTINST # CANCELLEDJUDGEMENTLEASELIENLIS PENDENSMECHANIC'S LIENMEMORANDUMMODIFICATIONNOTENOTICENOTICE & RECEIPTNOTICE OF BONDNOTICE OF SUBSTITUTE TRUSTEE SALEORDERORDINANCEOTHERPARTIAL CS LIEN RELEASEPARTIAL RELEASEPARTIAL RELEASE ABS JDGMTPARTIAL RELEASE EASEMENTPARTIAL RELEASE FIN STMTPARTIAL RELEASE LIS PENDENSPARTIAL RELEASE STATE TAX LIENPARTIAL TRANSFERPARTIAL VACATION OF PLATSPLATSPOSTED MEETING NOTICESPOWER OF ATTORNEYPROPERTY OWNERS ASSOCIATION MANAGEMENT CERTIFICATEPUBLIC WEIGHERS BONDRATIFICATION PLATRECORDINGRELEASERELEASE ABS OF JDGMTRELEASE CONDOMINIUMRELEASE EASEMENTRELEASE ESTATE TAX LIENRELEASE FIN STATEMENTRELEASE LIS PENDENSRELEASE MECHANIC'S LIENREMOVE TRUSTEERESTRICTIONREVOCATION OF POWER OF ATTORNEST JUDGEMENT RELEASESTATE JUDGEMENTSTATE TAX LIENSTATE TAX LRSTATE TAX RELEASESUBORDINATION AGREEMENTTERMINATION OF FIN STMTTRANSFERTRANSFER ABS OF JDGMNTTRANSFER FIN STMTTRANSFER OF STATE JUDGEMENTTRANSFER ON DEATH DEEDTRUSTUCC-1 NON STD OPRUCC-1 STD OPRUCC-3 NSTD OPRUCC-3 STD OPRUNKNOWN CEMETERY DEEDVACATION OF PLATVARIANCEVOIDWAIVERWARRANTY DEED