@Ron Sohn I think you'll be hard pressed to find a multi family in a B class area in Indy. 

Annual numbers are:Built in 1984 - Seems to be a B class complexPotential rental income $900K-$1M gross6% vacancy ($60K), $20K addition income from vending/laundry - no other amenities, $65K taxes, 5% ($50K) Capex, $28K Insurance, $16K contract services, $90K payroll/staffing, $150K repairs/maint, $6k utilities (tenants pay their own), $10K accounting/legal, $5k advertising/marketing, $100K (10%) PM (is that redundant with staffing?)

I agree with Hai Loc We keep our A/B tenants on one year leases.

I went from a C to a B.

The house is in a B/C neighborhood.  

Through shear dumb luck, I found a property in a decent area of a b- town  very close to an A town, Mostly it needs cosmetic work, although it will need new plumbing, too.

I keep hearing about neighborhood ratings on the podcasts and posts: A, B, C, & D.

Greetings All,I just wanted to know if there were any investors (perferablely in notes) near Osan AB looking to potentially meet up or do a conference video call in order to talk and discuss real estate.

In more rural, blue-collar areas, a B-/B prop can be lower, down to $75k -  still rent ready, still fully rehabbed with new capex items, etc.

If you're an investor living in an upper income area, say an "A" neighborhood and someone offers you a property in a "B" area.