Hello BP,I was hoping to get some input on a few specific areas around Indianapolis for SFH long term buy and hold:I see a lot of discussion on Lawrence and how even the lower end houses around 50k can be a steady area with a decent tenant class (if you disagree please let me know!)

Worst case scenario, you have a map for each classification: Good, Emerging, No-GoHappy Investing!

Short of knowing the area first hand, you have to find out how the provider/seller is defining their classifications.  

I am not clear on the classification of property taxes.

The law allows the Commission/Board to reprimand, suspend, or revoke a license/classification and/or to impose fines, education requirements, and/or require reports from an independent accountant.The Board may only investigate real estate appraisers or persons performing the acts of an appraiser without proper registration, licensure, or certification.

@Paul MacInnisThe classification for tax purposes is totally in the collective mind of the CRA.  

If you go through the courses and ONLY rent to tenants they feel are appropriate you pay the regular yearly rental rate per unit. ...Does Pottstown realize that most of the rental residents they now have would fall into their "inappropriate" classification?  

its the same message in all markets in that asset class.... If

The big stumper, however, is the classification of the asset.

I looked for an advantage and got the rate classification code for a large development just outside of the city limits, that meant I could rate homeowners policies at a lower rate;I went through that neighborhood door knocking, I only said I was with Met, that we now had homeowners coverage and only wanted the opportunity to talk to them some other time, that I was only making appointments.