I am still in the process of narrowing down a market, but currently am honing in on Austin, TX, Phoenix/Scottsdale/Mesa, Denver, and South Florida (Miami Dade).

Is there that much of a difference between B and C class?

Perhaps this is obvious but no one seemed to mention it or take note of it; once you've narrowed down your list to 1-2 plumbers you feel you can trust, you absolutely must have them come to the condo to see it in-person to provide an accurate bid.

No use investing in a band-aid temporary coverup.

If you're not the only member of LLC B and you. don't own more than 50% of it then you are not a related party to LLC A (as long as LLC A does not have the same members and same distribution).I would guess that chances are these are both single member LLCs. 

That makes great sense.My only concern is that the property was held jointly with me and the other partner, I took the 121 exemption, and am now owning the property fully through LLC B and doing a 1031...within less than a year.  

At these prices they feel more of an appreciation play which doesn’t sit well for me with my risk analysis considering the economic uncertainty and the likely higher cap ex costs of these lower valued older homes in these communities.My thought is to pivot to purchasing in desirable b and a class homes that have a consistent historical appreciation rate (doubled since 2013), but a smaller cash flow rate.

Enter your situational criteria and the type of lender you are searching for and it will narrow down your options.

Looking at getting into the Air B and B market in Indy now that the vaccine is opening the area up.

On a narrow relatively quiet one-way street.