@Lexi Blocksom suggest you discuss in detail with @Russell BrazilYou've made a mistake thousands of naive investors have made - expecting Class A results from Class C & D properties:( In general, you'd want to compare what you can sell the property for now versus what it would cost to update it and what you could then sell it for.

@Bobby Paquette really depends on the Class of the property, which is determined by tenant pool, location and condition.Class A: easy to manage remotelyClass B: more challengingClass C/D: should only be attempted by expertsIf you follow the STR lock strategy, you can install smartlocks and then program codes for each tenant's lease.

Is it an A-class property, or a C-class?

Just income tax.If the activity is reported on Schedule C, then most likely you will have to pay self-employment tax and income tax.

c.

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

We are class C and don't think we are competing with the newer construction apartments, so I think we should be OK.

MikeI find most multi family deals in C areas that are in the verge of gentrifying or in tertiary markets like you are looking at!

That's most likely going to be a C- neighborhood or lower so there could be more perceived scale to BRRRR, but a tougher decision on how to renovate at that price point and possibly harder tenancies.I would get to real estate investor meetups in your area.

I am a home inspector licensed in SC and Certified in GA (b/c GA does not require an licensure).