The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market: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?

Trying to figure out shortcuts will land you in the pokey.

I figured "this has to get better, right?"

I will go see samples but figured you folks could give a definitive thumbs down if this is just today's version of cheap linoleum.

@Tanner King learn how to work backwards on analyzing a deal, so you figure out the purchase price to offer to make your numbers work.Too many newbies think they have to offer asking price, which is not the case.

My friend also owned a rental property in the same community so I figured it would do well.How did you find this deal and how did you negotiate it?

This was months ago and family member has lawyered up to see what’s going on we did continue working until we ran out of credit card figuring once the money is released we could just pay off the cards but the money is still on hold Back in October we decided that money does not exist and started applying for hard money loan/speaking to lenders and have gotten nowhere.

No guaranteed way to stop a determined, experienced thief:(Only deterrents that push them to easier jobs.The roof may be a good idea - until they figure out the just need a ladder to get up there and a rope to lower it down. 

I'm looking for some advice on how to reinvest this money or what to invest in, I will profit a little over six figures from this property. 

Where are your scheduled gross rents and effective rents so far in the last T12 months so we can figure out offense and defensive strategies.These would be the questions we'd go through in planning your steps ahead.