I made millions of dollars in the great recession b/c people used excessive leverage and lost properties to their lenders.

@Vincent DeLucia check out our website where we have the entire Metro Detroit area listed by Property Class and the 183 Detroit Neighborhoods.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

First, unfortunately many CPAs are not interpreting the Regs to IRC 469 properly and some are even defaulting STR to Sch C and SE tax without regard.

Areavibes.comHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

Solid working class neighborhoods B- thru C depending on where you are.  

It can be tricky managing properties in East Cleveland, but I don't think it's that much different than managing properties in C and D neighborhoods, it's just a bit more tricky with getting contractors over there, but I'm working on a listing in East Cleveland and had a contractor do a bunch of work on the property and didn't have any issues.Another issue with East Cleveland is they have point of sales, but Cleveland is going to start doing that soon, but definitely adds unnecessary costs when margins are everything.  

The program was created to give low-income tenants an alternative to living in federal project housing.S8 sets their rental rates to the LOW-END of market averages, if not slightly below.What the gurus do NOT tell you is they expect you to get a Class C S8 tenant to rent a Class D property.

Home is 25 years old and requires a new furnace, A/C, and roof in the next 5 years. 

Yes, I probably have some protection, but rely mostly on insurance.NOTE: we manage a lot of Class C properties and unfortunately get sued 2-3 times annually.

Of the now 61 syndication I have invested in, I think 2 or 3 were Reg D 506 (c) required only accredited investors.