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

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).  

Temps are much warmer now and C.

If youre considering a 2nd lien, you'll want to analyze A) the blended rate between the two loans (this will be weighted, not an arithmetic average), B) the amount of time the 2nd lien will be outstanding, and C) the amortization on both loans.

Notes: - Two free weeks of stay per year for the owner/landlord (Gordon) landlord responsible for the repair or replacement of major items that a typical LTR landlord will be responsible for, such as major kitchen appliances, A/C, hot water heater, and of course anything structural.- Hefty penalty on either one of the parties for early termination of lease Owner plans to invest some of his own money to upgrade/refurbish things?

The tradeoff is the 12 month seasoning requirement on C/O refis, you can only close in a personal name, and you must be able to qualify using your personal income and debt. 

While these criteria work well for Class A and B properties, they might not be suitable for Class C.

Each "filing" entity (s corp, c corp, partnership, etc) has to have its own QBO subscription so that it's balance sheet is 100% accurate.

It assumes the property is Class A - which not a lot of investors are acquiring these days.Here's some copy & paste info about property classes:_____________________________________________________________________________Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?