I am in Greeley but would be willing to travel to teach a class if there is enough interest.

My deal is contingent on the property getting the rezoning of residential classification.  

And then again it depends on how hands on the owner is.I believe 55% of gross Scheduled ( not collected rent) before debt service is a good conservative number in the B C class. If

I talked to my insurance agent and they mentioned that the property is in the flood zone classification X which means had at most one flooding in the last 10 years.He quoted me the annual premium of $460 for flood insurance which seems to be way under of some of the numbers I see here.

You can easily get 10% CAP rates and over 20% COC returns on good C class properties in Indy and close to that on B class. If

Mostly because there are enough transactions of 2-4 units within the SFD classification to establish a market.

After the fact I tried Bell Mortgage and they looked at the appraisal and also determined that because the property was a C5 classification that conventional lending would be impossible.

I do agree with you, regardless of the classification of "vacancy", having money going out while none is coming in is most undesirable

The online version of QB has "property" classification as well as class. 

Im sure you have a good grasp on this subject already so Ill stop the 101 class. If