Are you thinking of a long term rental, mid-term, or short term?

Tacoma has gone further though not as far as seattle with regulations around terms of lease, just cause termination, etc.  

@James McGovern- most lenders can get underwriting done  that fast  as long as they are provided with 100% of the data they need PLUS getting any disclosures needed signed immediately too 

What sort of terms were you searching for?

In terms of cash flow, depending on the market you are interested in.

There is no hard grading system on investment properties so “Class D” would be a subjective term but ideally it would refer to the “state/condition” of the property, “quality/affordability” of the tenant base and the “rent/income” it could provide.  

My realtor negotiated the deal to keep it off market and we were able to come to terms that worked for myself and the seller.

If you're into long term buy and hold to target appreciation, Columbus is another market you can check out. 

most bay area properties appreciate at higher than 2% annually which is how much the property tax can increase annually which reduces the number of properties that would have an overpriced assessment so i would say that kind of service won't last long in business around the bay areaAfter the financial crash in 2008 resulting in property depreciation, many people appealed the property assessment and there were services back then offering to appeal but i gotta say i haven't seen those lately

Our 5 bedroom home would likley rent for ~$2k as a traditional long term rental, but we get $3750/month by renting by the room!