:D 

I had an experience with a terrible tenant who reported me for a bogus claim but by making the claim it allowed me to gain access needed to get photos of the condition of the property, and then the tenant refused to allow maintenance people in which really helped prove my side of the situation.If possible, explore alternative dispute resolution options like offering the tenants a cash-for-keys agreement.

Managing Class C & D properties is NOT for every PMC!

I think it is a typical Midwest market with a mixture of A through D neighborhoods scattered about.

Even in philly in D class area it is tough to hit the 1% rule.

.: In CA it is a violation of CSLB business and professions code 7159(d)(5) to execute residential time and materials contracts.

@Zeina Awad 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?

Scott Johnson to comply with dispute resolution via the American Arbitration Association.  

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

Hi Diana,I totally agree with what Doug M said previously.