I've heard a  lot of horror stories about other turn key companies from our clients and there are always recurring themes but in general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) Don't allow for your own independent property inspection Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) Require you to pay for any renovation upfront Sell only in cheap. low end neighborhoods Don't accurately represent the neighborhood/property classification Don't have consistent rehab standards for all properties Don't provide a scope of work for the property Can't provide references of repeat investors Require you to close before a tenant is in place

So in essence I think it is a classification error, you base your property's sale price on other sales in your market, however a percentage of the price of these other sales is due to considerations that your property simply does not have. 

So they need to look at the classification for each area on the map, many areas are controlled. 

The classification is normally based on property type, condition and vacancy rate to name a few.

Don't know about how they calc ROI in your class.  If

But yeah, classifications are always up for interpretation.

I can't help just based on that and personally, I don't even think the letter classifications are relevant.

Where do I find information on a property’s zoning classification in Baltimore City?

The correct classification is 5-year property..."

Net Proceeds is about 350K (minus included 40K CAPEX over 2 years).I learned a couple of things that I hope will help other investors looking at their first class C apartment:1) Class C is a broad asset class, if you do take a “slum” and decide to add “sweat equity”, make sure you do hire an onsite property manager who has access to “value” sub-contractors2) Swamp coolers are the most common things to break and get replaced.