Although purchase price is critical to achieving success in RE, I'm a firm believer in owning the correct asset class. If

Then the other is that items put into form 4562 get grouped by classification in line 19a-i it seems?

Just an example of what can happen I would imagine to any classification of real estate, but IMO condos are more susceptible to the ebb and flow of demand.

I would like to find out a more specific definition / classification of what exactly constitutes a multi-family dwelling.The terms dup-lex, trip-lex, quad-plex, 5-unit +, apartments, etc. seem to wear many different coats.For example, I would see a building like this and when I search on the county's zoning map it would be defined along the lines of a "low-rise" apartment: I see many small units combined into one single building with various access points.However, I also see other locations / neighborhoods that are filled with only SFR's and straight-forward duplexes.

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.