.- C (I think) neighborhood in NE houston.

As you practice and analyze deals, get an idea on what the rent ranges are like in the class A/B/C/D. 

I know a lot of investors who are selling all of their properties that are 15+ years old; for fear of upcoming repairs (roofs, A/C & boiler).

So a Corporation, ie “C Corp,” or a LLC can elect to be taxed as a S Corp in which the owners need to be payed a reasonable salary and the rest of the profits are passed through (I believe as dividends).

I had a home last year that I paid an Appraiser $450 (b/c I had to) who who took two weeks to provide THE EXACT number that was in Zillow.

Originally posted by @Josh C.

If I had the 350 C class I used to own..

Eventually they will trade down to C class.

Unless you filed Form 8832 or Form 2553 to elect C or S Corp status for the SMLLC, it is taxed as a disregarded entity.You don't have a corporation for tax purposes.Generally, gain or loss is recognized on sale or disposal of the assets (as Michael already noted), the character of which may be capital or 1231 for rentals.Putting money into or taking money out of the SMLLC's bank accounts is not a taxable transaction.If you are uncomfortable with these dynamics you may want to work with a professional.

Greetings Folks, are there people out there that have found B & C properties on the MLS (Abilene, Dallas, Weatherford, Fort Worth area) ?